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    • Question

      Which bank was fined ₹3 lakh for granting loans to

      directors and non-compliance with Customer Due Diligence (CDD)?
      A Amod Nagric Co-operative Bank Correct Answer Incorrect Answer
      B Karjan Nagarik Sahakari Bank Correct Answer Incorrect Answer
      C Sundargarh District Central Co-operative Bank Correct Answer Incorrect Answer
      D Vijay Commercial Co-operative Bank Correct Answer Incorrect Answer
      E Rajula Nagrik Sahakari Bank Correct Answer Incorrect Answer

      Solution

      The Sundargarh District Central Co-operative Bank Ltd. was fined ₹3 lakh by the RBI for granting loans to directors, not transferring unclaimed amounts to the Depositor Fund, and violating CDD norms during account opening.

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