Question

Which enforcement action did the RBI take against

Q: Answer-Which enforcement action did the RBI take against Sonepat Central Cooperative Bank?

Explanation The RBI fined the bank for failing to submit borrower credit data to all four Credit Information Companies , which is mandatory under RBI regulations to ensure credit transparency .

Sonepat Central Cooperative Bank?

A License cancellation

B ₹25,000 penalty for non-submission of borrower data to CICs

C Suspension of lending operations

D Merger with a nationalized bank

E Withdrawal of branch expansion permission

Practice Next

More Daily Beepedia Current Affairs Questions

Which of the following is/are Correctly matched?

‘Belt and Road Initiative’ is related to which of the following country?

Which of the following is not a recommendation of the task force on direct taxes under the chairmanship of Dr. Vijay L. Kelkar in the year 2002?

Which of the following bond/s are issued with a coupon rate but the coupon payment is done at the time of redemption?

Which of the following has been awarded the Digital India Awards in “Digital Empowerment of Citizens” category?

Saubhagya, a Government of India Scheme, relates to which of the following areas?

Which of the following is/are potential benefit(s) of the Universal Basic Income (UBI)?

1. A motivation for the labor force to work more

India has announced financial assistance of USD ____________ loans to Sri Lanka to help the country in building up its depleted foreign reserves and for...

International Labour Organization's Conventions 138 and 182 are related to?

The SDR is an international reserve asset created by the IMF in which of the following year?

Which enforcement action did the RBI take against

Solution