New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which bank failed to review risk categorization of

    accounts every six months, leading to a ₹1 lakh penalty by RBI?
    A RBL Bank Correct Answer Incorrect Answer
    B Vijay Commercial Co-operative Bank Correct Answer Incorrect Answer
    C Rajula Nagrik Sahakari Bank Correct Answer Incorrect Answer
    D Karjan Nagarik Sahakari Bank Correct Answer Incorrect Answer
    E Sundargarh District Central Co-operative Bank Correct Answer Incorrect Answer

    Solution

    Vijay Commercial Co-operative Bank was penalized ₹1 lakh for failing to review risk categorization of accounts every six months as mandated under KYC norms.

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