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).

    Practice Next
    More Beepedia Questions

    Relevant for Exams:

    ask-question