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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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