Loading...
Testwale Logo

FAQ

How long will it take for my account to be activated once the payment is made?

Once the payment is made, your account will be activated right away.

Pages are not loading properly.

Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.

How can I reset my password?

For the users registered with their mobile number, follow the following steps for resetting your password: 1. You need to enter your mobile number on the log-in page. 2. Click "Forget Password", to get an OTP on your registered number. 3. Using the OTP received on your number, you can now reset your password.

Pages are not loading properly.

Try checking your internet connection or restart your phone. If the problem still persists, take a screenshot and send us at [email protected], we will look into it.

How can I change the language of the article and quizzes?

We have a "Change Language" option in Test Series and Daily Quizzes. If you want the content (test and quiz) in Hindi/English language, go to Settings -> Change Language, to change your default language from Hindi to English or Vice-Versa.

I am unable to make payment for the pass.

In case of failure of a transaction before the amount deduction, we advise the student to try making the payment again. In case of transaction failure after amount deduction either access to the purchased product will be provided within few hours or we request the student to wait for 3 to 4 working days. The money will be credited back to his/her account.

I have made the payment but the tests are not unlocked.

Although rare, if so: You can directly mail us at [email protected] and we will resolve your issue.

What are all the payment methods allowed to buy a plan?

You can pay using: Credit Card/ Debit Card or Through: UPI and Netbanking.

What happens if I get disconnected during a test?

Don't worry! We auto-pause your test so, you can resume the test where you left. The test can also be manually paused by clicking on the "Pause" icon on the top left corner inside the timer circle. Please note: This function is not available in a Live Test.

What are the benefits of the subscription?

Here you will get access to test series and quizzes by top Educators. This will evaluate your learning and measure your progress.

  • Home
  • Current Affairs
  • DAILY CURRENT AFFAIRS:RBI fines Federal Bank and Bank of India for deficiencies in regulatory compliance.

RBI fines Federal Bank and Bank of India for deficiencies in regulatory compliance.

Tags: Economy/Finance

The banking sector regulator in India, Reserve Bank of India (RBI) has fined the Federal Bank and Bank of India for regulatory deficiencies on 8 July 2022. Under the Banking Regulation Act 1949, RBI is the regulator of banks in India and has the power to fine the banks if they do not follow the RBI’s regulations.

Penalty on Federal Bank 

RBI imposed a penalty of Rs 5.72 crore on the private sector bank Federal bank for non-compliance with the Reserve Bank of India (Financial Services Provided by Banks 2016).

According to the RBI the bank failed to ensure that no incentive (cash or non-cash) was paid to its staff engaged in insurance broking/corporate agency services by the insurance company.

Penalty on Bank of India 

RBI has imposed a penalty of Rs 70 lakhs on the public sector bank ,Bank of India  for non-compliance with certain provisions of Know Your Customer (KYC) norms and instructions on 'compliance function in banks' issued by RBI.

Penalty on Dhani Loans and Services Limited

RBI imposed a penalty of Rs 7.6 lakhs on Gurugram based NBFC(Non-Banking Financial Company) Dhani Loans and Services Limited, for non-compliance with KYC norms.

Under the RBI act 1934, RBI is the regulator of NBFC in India.

Federal Bank

It is an old private sector bank set up in 1931 

CEO: Shyam Srinivasan

Headquarters: Aluva, Kochi, Kerala

Tagline: Your Perfect Banking Partner

Bank of India 

It is a public sector bank owned by the government of India.

It was set up as a private bank in 1906. It was nationalized in 1969.

MD and CEO: Atanu Kumar Das

Headquarters: Mumbai, Maharashtra 

Tagline: Relationship beyond Banking

Please Rate this article, so that we can improve the quality for you -

Search By Tags

Committee Festivals of India Russia-Ukraine Sports National Economy/Finance International Relations Government Schemes Popular Defence Books and Authors Science and Technology Summits Economics/Business Awards Person in news State News Important Days Sports News International News National News
serablock login_ch-testwale