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      Question

      Which co-operative bank was fined ₹10 lakh by RBI for

      selling insurance products without adequate disclosure? 
      A Tamil Nadu Circle Postal Co-op Bank Correct Answer Incorrect Answer
      B Gayatri Co-operative Urban Bank Correct Answer Incorrect Answer
      C Makarpura Industrial Estate Co-op Bank Correct Answer Incorrect Answer
      D South Canara District Central Co-op Bank Correct Answer Incorrect Answer
      E Karnataka Urban Co-op Bank Correct Answer Incorrect Answer

      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 

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