📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    Question

    The RBI imposed a monetary penalty of ₹550 lakh on

    which bank in Bihar for regulatory non-compliance? 
    A Muzaffarpur District Co-operative Bank Correct Answer Incorrect Answer
    B Rohika Central Co-operative Bank Correct Answer Incorrect Answer
    C Patna Co-operative Bank Correct Answer Incorrect Answer
    D Nalanda Central Co-operative Bank Correct Answer Incorrect Answer
    E Bhagalpur Co-operative Bank Correct Answer Incorrect Answer

    Solution

    The RBI fined Rohika Central Co-operative Bank, Bihar, ₹550 lakh for violations of the Banking Regulation Act, 1949The bank failed to dispose of non-banking assets, submit data to Credit Information Companies, and update CKYCR within timelines 

    Practice Next
    More Daily Beepedia Current Affairs Questions

    Relevant for Exams:

    ask-question