Question
How much monetary penalty did the RBI impose on Belgaum
District Revenue Employees’ Co-operative Bank for failing to comply with KYC directions?Solution
The Reserve Bank of India (RBI) imposed a monetary penalty of ₹50,000 each on Belgaum District Revenue Employees’ Co-operative Bank, Batlagundu Co-operative Urban Bank, and Sivakasi Co-operative Urban Bank for non-compliance with KYC directions. Specifically, these banks failed to upload customer KYC records to the Central KYC Records Registry (CKYCR) within the prescribed timeline.
 The Asia Cup 2023 will be take place in which country?
Which banks continue to be classified as systemically important banks (D-SIBs) by the Reserve Bank of India?
Which of the following is a key feature of the Kavach 4.0 system that Indian Railways plans to roll out?
Who is the first Indian to receive the Olympic Order, the highest award given by the International Olympic Committee ( IOC ) for meritorious services?
Smart Wealth Annuity Guaranteed Pension Plan - SWAG Pension Plan has been introduced that redefines the landscape of retirement planning, combining flex...
Consider the following statements about the recent legislation passed in Tajikistan:
1. The legislation bans the hijab and other Islamic garments...
What is the goal of the New India Literacy Programme (NILP)?
Consider the following statements regarding ‘Social Cost of Carbon (SCC)’?
1. It is the economic damage that would result from emitting one a...
Which of the following global mobile company has announced to invest $60M in 5 years to support MSMEs for strengthening local smartphone supply chain in...
Which international funding agencies are mentioned as partners in the Global River Cities Alliance (GRCA) launched at COP28?
Relevant for Exams:
