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What was the primary reason for the ₹43. 30 lakh penalty imposed on Rajkot Nagarik Sahakari Bank Ltd. by the RBI?

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.

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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What was the primary reason for the ₹43. 30 lakh penalty imposed on Rajkot Nagarik Sahakari Bank Ltd. by the RBI?

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