Question

What was the primary reason for the ₹43.30 lakh

Q: Answer-What was the primary reason for the ₹43.30 lakh penalty imposed on Rajkot Nagarik Sahakari Bank Ltd....

Rajkot Nagarik Sahakari Bank Ltd. was fined 43.30 lakh for non-compliance issues related to prohibitions on loans to directors, among other infractions.

penalty imposed on Rajkot Nagarik Sahakari Bank Ltd. by the RBI?

A Insufficient cyber security measures

B Non-compliance regarding prohibitions on loans to directors

C Inadequate customer service protocols

D Poor financial reporting standards

E Failure in risk management procedures

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RBI Grade B

What was the primary reason for the ₹43.30 lakh

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