Which of the following points is/are "correct" with respect to the recent step taken by the RBI in March 2024?
A. RBI barred Federal Bank and South Indian Bank from issuing co-branded credit cards to new customers on account of regulatory deficiencies.
B. RBI has imposed a monetary penalty of Rs 1.4 crore on the Bank of India (BOI) for non-compliance with certain regulatory norms.
C. RBI also imposed a penalty of Rs 29.55 lakh on the Bank of Maharashtra for non-compliance with certain directions on 'RBI (Interest Rate on Deposits) Directions, 2016'.
1
Only A
2
Only B
3
Both A and B
4
Both A and C
5
All A, B and C