On which bank did RBI impose a monetary penalty of Rs.1 crore for non-compliance with certain directions on 'Reserve Bank of India (Know Your Customer (KYC)) Directions, 2016'?

• A. IndusInd Bank
• B. SBI
• C. HDFC Bank
• D. Punjab National Bank

Answer: (A)

RBI has imposed a monetary penalty of Rs.1 crore on IndusInd Bank for non-compliance with certain directions issued by RBI on 'RBI (KYC) Directions, 2016'.