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    Question

    Which enforcement action did the RBI take against

    Sonepat Central Cooperative Bank?
    A License cancellation Correct Answer Incorrect Answer
    B ₹25,000 penalty for non-submission of borrower data to CICs Correct Answer Incorrect Answer
    C Suspension of lending operations Correct Answer Incorrect Answer
    D Merger with a nationalized bank Correct Answer Incorrect Answer
    E Withdrawal of branch expansion permission Correct Answer Incorrect Answer

    Solution

    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 .

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