___________ bank has been penalized by the Reserve Bank of India(as of May 2023) for violating the Credit Information Companies Rules, 2006?
May 11, 2023
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(a) Axis Bank
(b) HDFC Bank
(c) ICICI Bank
(d) HSBC Bank
Ans.(d)
Sol. The Reserve Bank of India (RBI) imposed a monetary penalty of Rs 1.73 crore on the Hongkong and Shanghai Banking Corporation Ltd (HSBC Bank) for violating the Credit Information Companies Rules, 2006.
