New Enroll for RBI, SEBI & NABARD Intro Class! April 18 at 9:15 PM

    Question

    Which bank was fined ₹3 lakh for granting loans to

    directors and non-compliance with Customer Due Diligence (CDD)?
    A Amod Nagric Co-operative Bank Correct Answer Incorrect Answer
    B Karjan Nagarik Sahakari Bank Correct Answer Incorrect Answer
    C Sundargarh District Central Co-operative Bank Correct Answer Incorrect Answer
    D Vijay Commercial Co-operative Bank Correct Answer Incorrect Answer
    E Rajula Nagrik Sahakari Bank Correct Answer Incorrect Answer

    Solution

    The Sundargarh District Central Co-operative Bank Ltd. was fined ₹3 lakh by the RBI for granting loans to directors, not transferring unclaimed amounts to the Depositor Fund, and violating CDD norms during account opening.

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