Question

    What was the amount of the penalty imposed by RBI on

    Samarth Sahakari Bank Limited, Solapur, Maharashtra, for regulatory non-compliance?
    A ₹2.00 lakh Correct Answer Incorrect Answer
    B ₹3.50 lakh Correct Answer Incorrect Answer
    C ₹4.50 lakh Correct Answer Incorrect Answer
    D ₹5.00 lakh Correct Answer Incorrect Answer
    E ₹1.50 lakh Correct Answer Incorrect Answer

    Solution

    RBI fined Samarth Sahakari Bank ₹4.50 lakh for violating the provisions of the Banking Regulation Act and exceeding loan limits.

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