![RBI imposed restrictions on four Co-operative banks RBI imposed restrictions on four Co-operative banks](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEirsUtKbXt9INdf9RDtLSJ76vwBYunQ499HlilWdr6zNspOXAeiOtfoHwOIin2JTMf2-8ySDoqrYNnhpFCxwPf_FGTeNmRFobzLYHw5Sc6Vqm1Gqu2BOrL_pI0QgngYH1eYp6o1hxJbqStW2zZrVvt0DRahKtshY1W99FeIlg_7etpLBrDkohckjTJwqw/w320-h221-rw/Co-operative.jpg)
- RBI has imposed a withdrawal cap of Rs 20,000 on Saibaba Janta Sahakari bank because of the weakening financial conditions of the bank.
- The Suri friends' Union co-operative bank is restricted for withdrawal of only Rs 50,000.
- RBI has imposed a withdrawal limit of Rs 10,000 per customer on the National Urban co-operative bank.
- The restrictions imposed by RBI on four co-operative banks under the Banking Regulation act, of 1949 will remain for six months.
- RBI has penalized Suryoday Small finance bank with Rs 57.75 lakh for violations regarding fraud classification and reporting by commercial banks and financial institutions.
- Static Knowledge:
- Governor of RBI - Shaktikanta Das(25th Governor)
- RBI headquarters - Mumbai
- RBI was formed on - 1 April 1934
Question:
Q.1 RBI has imposed a penalty of Rs______ on Suryoday small finance bank?
a. 51.57 lakh
b. 58.57 lakh
c. 57.75 lakh
d. 52.75 lakh
a. 51.57 lakh
b. 58.57 lakh
c. 57.75 lakh
d. 52.75 lakh