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    Question

    Which co-operative bank was fined by RBI for failing to

    transfer funds to the Depositor Education and Awareness Fund (DEAF) on time?
    A Jambusar People’s Co-operative Bank Ltd. Correct Answer Incorrect Answer
    B Sahyog Urban Co-operative Bank Ltd. Correct Answer Incorrect Answer
    C Rander People's Co-operative Bank Ltd. Correct Answer Incorrect Answer
    D Mehmadabad Urban People’s Co-operative Bank Ltd. Correct Answer Incorrect Answer
    E Tura Urban Co-operative Bank Ltd. Correct Answer Incorrect Answer

    Solution

    Explanation: Rander People's Co-operative Bank Ltd. was fined ₹1.50 lakh by the RBI for failing to transfer funds to the DEAF in a timely manner .

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