A penalty of _______ has been imposed on Punjab National Bank (PNB) by the Reserve Bank of India (RBI)

(a) Rs 1.8 crores
(b) Rs 1.7 crores
(c) Rs 1.6 crores
(d) Rs 1.5 crores

Explanation: A penalty of Rs 1.8 crores has been imposed on Punjab National Bank (PNB) by the Reserve Bank of India (RBI), while ICICI Bank has been fined Rs 30 lakh for deficiencies in regulatory compliances.