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    Question

    Under the RBI order dated 30 January 2026, what was the

    penalty imposed on Jaipur Central Co-operative Bank Ltd., Rajasthan?Ā 
    A ₹50,000 Correct Answer Incorrect Answer
    B ₹1 lakh Correct Answer Incorrect Answer
    C ₹2 lakh Correct Answer Incorrect Answer
    D ₹3 lakh Correct Answer Incorrect Answer
    E ₹5 lakh Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India imposed a monetary penalty of ₹1 lakh on Jaipur Central Co-operative Bank Ltd., Rajasthan. The penalty was levied for failure to implement a system of periodic review of risk categorisation of customer accounts, which is required to be conducted at least once every six months under RBI’s KYC directions.Ā Ā 

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