Question
What penalty has the Reserve Bank of India ( RBI )
imposed on the Thane District Central Co - operative ( TDCC ) Bank?Solution
Explanation : RBI has imposed a penalty of Rs 2 lakh on the Thane District Central Co - operative ( TDCC ) Bank for alleged violation of banking regulations by sanctioning a loan to one of the directors of the bank .
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The principle of subrogation in insurance allows
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