Penalty Imposed on KEB Hana Bank by RBI

Current Context: 59 lakh penalty has been imposed by RBI on KEB Hana Bank for not following certain norms related to interest rates on deposits.

KEB Hana Bank is a Korean bank that RBI has inspected regarding its financial position as of March 31st, 2020.
During an inspection, RBI came to know that it doesn’t comply with the directions issued by RBI under ‘Reserve bank of India’(interest rate on deposits) directions 2016’.
Interest rates offered by the bank to their lenders were not consistent and there is no transparency in interest rates levied by the bank.
They have also not updated any information related to it in the core banking system for supervisory review.
However, this penalty will not affect any transaction or agreement signed between the bank with its customers.
Static Part:

Question:

Q.1 How much amount of a penalty was imposed by RBI on KEB Hana Bank?
a. 72 lakh
b. 59 lakh
c. 63 lakh
d. 82 lakh