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    Question

    What penalty amount was imposed on Motiram Agrawal Jalna

    Merchants Co-operative Bank by the RBI?
    A ₹2 lakh Correct Answer Incorrect Answer
    B ₹1 lakh Correct Answer Incorrect Answer
    C ₹20,000 Correct Answer Incorrect Answer
    D ₹6 lakh Correct Answer Incorrect Answer
    E ₹10 lakh Correct Answer Incorrect Answer

    Solution

    Motiram Agrawal Jalna Merchants Co-operative Bank, located in Maharashtra, was penalized ₹6 lakh by the RBI. The penalty was imposed due to regulatory violations, including sanctioning loans to directors and exceeding exposure limits for a group, contravening RBI guidelines.

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