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      Question

      What was the amount of the penalty imposed by RBI on

      Samarth Sahakari Bank Limited, Solapur, Maharashtra, for regulatory non-compliance?
      A β‚Ή2.00 lakh Correct Answer Incorrect Answer
      B β‚Ή3.50 lakh Correct Answer Incorrect Answer
      C β‚Ή4.50 lakh Correct Answer Incorrect Answer
      D β‚Ή5.00 lakh Correct Answer Incorrect Answer
      E β‚Ή1.50 lakh Correct Answer Incorrect Answer

      Solution

      RBI fined Samarth Sahakari Bank β‚Ή4.50 lakh for violating the provisions of the Banking Regulation Act and exceeding loan limits.

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