Daily Quiz — 23 May 2026

1. Q1.For what specific compliance failures did the RBI penalise City Union Bank, and what was the penalty amount?

   ₹10.10 lakh for unauthorised charges on small agriculture priority sector loans and failure to report SHG member-level data to credit information companies₹10.10 lakh for KYC non-compliance and failure to maintain statutory liquidity ratio requirements₹1.01 crore for mis-selling insurance products and non-reporting of NPA accounts₹10.10 lakh for breaching exposure limits on MSME loans and delayed regulatory reporting
   Explanation: The RBI fined City Union Bank ₹10.10 lakh for levying unauthorised charges on small agriculture priority sector loans and failing to report Self Help Group member-level data to credit information companies, based on a supervisory inspection of its financial position as of March 31, 2025.

2. Q2.What is the approved tenure of Sandeep Bakhshi's reappointment as ICICI Bank's MD & CEO following RBI clearance?

   Two years, from October 4, 2026 to October 3, 2028Three years, from October 4, 2026 to October 3, 2029Two years, from January 1, 2026 to December 31, 2027One year, from October 4, 2026 to October 3, 2027
   Explanation: The RBI approved Sandeep Bakhshi's reappointment as ICICI Bank's MD & CEO for a two-year term from October 4, 2026 to October 3, 2028, following a unanimous board resolution in January 2026.

3. Q3.According to the article on HDFC Bank's structured credit deal, by how much did Hyderabad's ultra-luxury real estate segment grow over four years to reach ₹8,562 crore in FY26?

   3.5 times2.5 times4 times5 times
   Explanation: The article states that Hyderabad's ultra-luxury segment grew 3.5 times in four years to reach ₹8,562 crore in FY26, illustrating the renewed lender appetite for premium real estate despite broader sales slowdown.

4. Q4.What threshold-crossing event triggered mandatory regulatory disclosure by SBI Mutual Fund under SEBI's substantial acquisition norms regarding Bandhan Bank?

   Crossing the 5% ownership threshold after purchasing an additional 16.98 lakh sharesCrossing the 10% ownership threshold after a bulk purchase of 8.12 crore sharesCrossing the 2% ownership threshold triggering an open offer obligationCrossing the 5% threshold through a preferential allotment of new shares
   Explanation: SBI Mutual Fund crossed the 5% ownership threshold in Bandhan Bank by purchasing an additional 16.98 lakh shares on May 20, bringing its total holding to 8.12 crore shares, which triggered the mandatory SEBI disclosure requirement.

5. Q5.According to the article on Tata Sons' listing debate, on what basis does the author argue that Tata Sons should be subject to greater public transparency?

   The RBI's classification of Tata Sons as an upper-layer NBFC demands transparency that goodwill and historical conduct cannot substituteTata Sons' large foreign institutional investor base creates an obligation for public market disclosureSEBI's recent amendment to listing norms mandates disclosure for conglomerates with assets exceeding ₹1 lakh croreThe Ministry of Corporate Affairs directed all holding companies of listed subsidiaries to pursue their own listings
   Explanation: The article argues that the RBI's classification of Tata Sons as an upper-layer non-banking financial company (NBFC) demands a level of transparency that goodwill and historical conduct alone cannot substitute, making a compelling case for listing.

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