RBI Imposed Fine on Standard Chartered Bank

Current Context: The Reserve Bank of India (RBI) has imposed a fine on Standard Chartered Bank.

• A fine of Rs 1.95 crore was imposed on the bank.
• The reasons behind the imposition of a fine are that the Standard Chartered Bank has failed to report a cyber security incident within the prescribed time period to the central bank, and has failed to credit the amount involved in unauthorized electronic transactions.
• As the Standard Chartered Bank was observed non-compliance with RBI’s directions on customer protection, it was thus penalized by the RBI.
• Static Part: 
• HQ of Standard Chartered Bank: London, UK

Question: 

Q.1 What amount of fine was imposed by the RBI on Standard Chartered Bank as it was observed non-compliance of RBI’s directions on customer protection?
a. Rs 1.50 crore
b. Rs 1.35 crore
c. Rs 1.70 crore
d. Rs 1.95 crore