Question

    Jila Sahakari Kendriya Bank Maryadit, Raipur, was

    penalized ₹1.50 lakh by the RBI for which of the following reasons?
    A Exceeding loan limits Correct Answer Incorrect Answer
    B Not transferring funds to the Depositor Education and Awareness Fund Correct Answer Incorrect Answer
    C Violating share capital refund norms Correct Answer Incorrect Answer
    D Breaching exposure limits Correct Answer Incorrect Answer
    E Delayed reporting of NPA Correct Answer Incorrect Answer

    Solution

    The bank was penalized for not transferring eligible amounts to the Depositor Education and Awareness Fund within the prescribed time.

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