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
In MUDRA Bank, what does MUDRA stands for -
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