BANK SBI Clerk Mock Test Series 2025 (Pre + Mains) Current Affairs Business and Economy Banking Affairs

Which of the following statements regarding RBI's penalties on Equitas Small Finance Bank Limited (ESFBL) and India Post Payments Bank Limited (IPPB) in February 2025 is/are correct?

  1. RBI imposed a penalty of Rs 65 lakh on ESFBL for non-compliance with regulations related to foreclosure charges and collateral-free agricultural loans.
  2. RBI fined India Post Payments Bank Limited (IPPB) Rs 26.70 lakh for deficiencies in adhering to customer service regulations.
  3. The penalty on ESFBL was imposed for non-compliance with KYC (Know Your Customer) norms.

1
Only 1 and 2
2
Only 2 and 3
3
Only 1 and 3
4
Only 1
5
All 1, 2, and 3
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