📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!
  • google app store apple app store
    • ✖

      Question

      Match the following cooperative banks with the reasons

      for RBI’s recent monetary penalties (March 2024 inspections): Which of the following is the correct matching?
      A A–3, B–2, C–4, D–1 Correct Answer Incorrect Answer
      B A–2, B–3, C–1, D–4 Correct Answer Incorrect Answer
      C A–4, B–1, C–3, D–2 Correct Answer Incorrect Answer
      D A–3, B–4, C–2, D–1 Correct Answer Incorrect Answer
      E A–1, B–2, C–3, D–4 Correct Answer Incorrect Answer

      Solution

      • The Shahada Peoples Co-operative Bank, Maharashtra → (3): Fined ₹2 lakh for regularising NPAs without repayment from genuine sources, violating asset classification norms. • Motiram Agrawal Jalna Merchants Co-operative Bank, Maharashtra → (2): Fined ₹6 lakh for sanctioning director-related loans and exceeding group exposure limits. • Sahyadri Sahakari Bank, Mumbai → (4): Penalised ₹20,000 for not reducing single borrower exposure as per the Supervisory Action Framework (SAF). • Government Employees Co-operative Bank, Karnataka → (1): Fined ₹1 lakh for failure to upload KYC records and non-compliance with cyber security controls. All penalties were imposed under Section 47A(1)(c) of the Banking Regulation Act, 1949, highlighting regulatory non-compliance.

      Practice Next
      More MCQs for RBI Grade B Questions

      Relevant for Exams:

      ask-question