Reserve Bank of India Imposes Rs 59.20 Lakh Penalty on IndusInd Bank
The penalty was enforced due to non-compliance with specific RBI directions regarding 'Interest Rate on Deposits' and 'Securitisation of Standard Assets'.
Significance: Reinforces the regulator's strict supervision on prudential asset handling and interest-rate disclosure norms among private lenders.
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Practice Quiz — 17 August 2026
Q1. What is the full form of the campaign vision 'SHANTI' launched by India for its 2028–29 UNSC non-permanent seat bid?
Q2. With reference to the 'Seafarer-First' initiative, consider the following statements: 1. It was launched by the Ministry of External Affairs. 2. It provides real-time monitoring of Indian seafarers operating in the Persian Gulf and Strait of Hormuz. 3. The tracking applies only to ships sailing under the Indian national flag. Which of the statements given above is/are correct?
Q3. Which of the following Tiger Reserves is INCORRECTLY matched with its state regarding zero-tiger reported reserves?
Q4. What percentage of financial assistance on eligible capital infrastructure cost is provided under the Shipbuilding Development Scheme (SbDS)?
Q5. Under the newly approved Mobile Phone Manufacturing Scheme (MPMS), what additional incentive is offered to Indian brands investing in product design and R&D?
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