Multiple choice

Which Indian bank was fined by Securities and Futures Commission, Hong Kong, for dealing in securities without permission?

  1. State Bank of India

  2. ABN Amro

  3. Punjab National Bank

  4. ICICI

Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

ICICI Bank is the correct answer. In 2013, the Securities and Futures Commission (SFC) of Hong Kong fined ICICI Bank for dealing in securities without proper licensing. The SFC took action against the bank's Hong Kong branch for conducting unauthorized securities trading activities. None of the other banks listed (SBI, ABN Amro, PNB) faced this specific penalty from Hong Kong's regulator.