- Fine of Rs 40 lakh has been imposed on Mehsana Urban Co-operative bank, Gujarat for non-compliance with certain provisions of Reserve Bank of India (Co-operative Banks - Interest Rate on Deposits) Directions, 2016.
- The penalty of Rs 7 lakh has been imposed on Indapur Urban Co-operative Bank, Indapur (Maharashtra) for non-compliance with certain provisions of exposure norms.
- The penalty was imposed on Warud Urban Co-operative bank, Warud ( Maharashtra), Jila Sahakari Kendriya Bank Mariyadit, Chhindwara (Madhya Pradesh), and Yavatmal Urban Co-operative bank, Maharashtra for non-compliance with Know-Your-Customer (KYC)norms.
- Rajya Sahakari Bank Maryadit, Raipur, Chhattisgarh has been penalized with Rs 25 lakh for non-compliance with certain provisions of KYC norms.
- RBI has also penalized Garha Co-operative Bank Limited, Guna (Madhya Pradesh), and Goa State Co-operative bank, Panaji.
- Static Knowledge:
- RBI governor - Shaktikanta Das
- RBI headquarters - Mumbai
- RBI was formed - on 1 April 1935
Question:
Q.1 RBI has imposed how much penalty on Mehsana Urban Co-operative bank, Gujarat?
a. Rs 60 lakh
b. Rs 50 lakh
c. Rs 40 lakh
d. Rs 30 lakh
a. Rs 60 lakh
b. Rs 50 lakh
c. Rs 40 lakh
d. Rs 30 lakh
