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    • Question

      Which cooperative bank was penalized ₹3 lakh by the

      RBI for sanctioning loans beyond permissible limits and without required collateral?
      A Swami Vivekanand Sahakari Bank Correct Answer Incorrect Answer
      B Bharat Co-operative Bank Ltd. Correct Answer Incorrect Answer
      C Sri Basaveshwara Pattana Sahakara Bank Correct Answer Incorrect Answer
      D Manjra Mahila Urban Co-operative Bank Correct Answer Incorrect Answer
      E Narmada Co-operative Bank Correct Answer Incorrect Answer

      Solution

      The Reserve Bank of India imposed a ₹3 lakh penalty on Bharat Co-operative Bank Ltd., Bengaluru, for sanctioning loans beyond permissible limits and without the necessary collateral, violating guidelines under the Supervisory Action Framework (SAF).

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