New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Which act was breached by Jana Small Finance Bank,

    leading to RBI's penalty?
    A Negotiable Instruments Act Correct Answer Incorrect Answer
    B Banking Regulation Act, 1949 Correct Answer Incorrect Answer
    C Companies Act, 2013 Correct Answer Incorrect Answer
    D FEMA, 1999 Correct Answer Incorrect Answer
    E Payment and Settlement Systems Act, 2007 Correct Answer Incorrect Answer

    Solution

    Jana Small Finance Bank was penalised for violating provisions under the Banking Regulation Act, 1949. The RBI emphasized the enforcement of regulatory discipline, not judgment on individual transactions.

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