πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      What was the reason behind the RBI's imposition of a

      monetary penalty on Omkar Nagreeya Sahkari Bank Ltd . , Kanpur?
      A Fraudulent transactions Correct Answer Incorrect Answer
      B Non-compliance with deposit interest rate norms Correct Answer Incorrect Answer
      C Mismanagement of bank funds Correct Answer Incorrect Answer
      D Inadequate customer service Correct Answer Incorrect Answer
      E Lack of digital banking facilities Correct Answer Incorrect Answer

      Solution

      The RBI imposed a penalty on Omkar Nagreeya Sahkari Bank for non - compliance specifically related to offering higher interest rates on deposits than those permitted .

      Practice Next
      ask-question