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      Question

      Which co-operative bank was fined by RBI for failing to

      transfer funds to the Depositor Education and Awareness Fund (DEAF) on time?
      A Jambusar People’s Co-operative Bank Ltd. Correct Answer Incorrect Answer
      B Sahyog Urban Co-operative Bank Ltd. Correct Answer Incorrect Answer
      C Rander People's Co-operative Bank Ltd. Correct Answer Incorrect Answer
      D Mehmadabad Urban People’s Co-operative Bank Ltd. Correct Answer Incorrect Answer
      E Tura Urban Co-operative Bank Ltd. Correct Answer Incorrect Answer

      Solution

      Explanation: Rander People's Co-operative Bank Ltd. was fined ₹1.50 lakh by the RBI for failing to transfer funds to the DEAF in a timely manner .

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