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      Question

      What was the penalty imposed on the Amod Nagric

      Co-operative Bank for KYC violations?
      A โ‚น1 lakh Correct Answer Incorrect Answer
      B โ‚น1.25 lakh Correct Answer Incorrect Answer
      C โ‚น2.10 lakh Correct Answer Incorrect Answer
      D โ‚น3 lakh Correct Answer Incorrect Answer
      E โ‚น61.40 lakh Correct Answer Incorrect Answer

      Solution

      The RBI fined the Amod Nagric Co-operative Bank โ‚น1 lakh for granting loans to directors' relatives and failing to upload KYC records within the prescribed timeline.

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