Question
Which co-operative bank was fined ₹10 lakh by RBI for
selling insurance products without adequate disclosure?Solution
RBI imposed monetary penalties on several co-op banks for compliance failures. Among them, Gayatri Co-operative Urban Bank received the highest penalty of ₹10 lakh for selling insurance products without proper transparency. These penalties highlight RBI’s strict enforcement of regulatory norms
The Bharat Bill payment system (BBPS) is a one-stop ecosystem for payment of all bills providing an interoperable and accessible bill payment service a...
Dearness allowance is taxable in case of:
Which portal monitors outstanding dues to MSEs?
On purchase of old furniture, the amount of ₹1,000 spent on its repair should be debited to:
Which of the following statements is INCORRECT?
As per RBI’s income recognition policy, under what condition can banks recognize interest income on advances against Term Deposits, NSCs, KVPs, and li...
ICDS IV primarily deals with which aspect of financial reporting.
While vouching purchases, an auditor notices that a supplier’s invoice is missing. What is the best course of action?
Which ICDS deals with Accounting Policies?
The due date for depositing the TDS deducted in the month of March is:
Relevant for Exams:
