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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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