Question
Which cooperative bank was penalized ₹3 lakh by the
RBI for sanctioning loans beyond permissible limits and without required collateral?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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