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    Question

    How much penalty was imposed by RBI on Sikkim State

    Co-operative Bank Ltd. in September 2025 for KYC non-compliance?┬а
    A тВ╣10,000 Correct Answer Incorrect Answer
    B тВ╣25,000 Correct Answer Incorrect Answer
    C тВ╣50,000 Correct Answer Incorrect Answer
    D тВ╣1 lakh Correct Answer Incorrect Answer
    E тВ╣3 lakh Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India imposed a monetary penalty of тВ╣50,000 on Sikkim State Co-operative Bank Ltd. for not uploading customer KYC records to the Central KYC Records Registry (CKYCR) within the prescribed timeline. The penalty was imposed under Section 47A(1)(c) of the Banking Regulation Act┬а

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