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

    Question

    What was the penalty imposed on Karjan Nagarik Sahakari

    Bank for failing to maintain Cash Reserve Ratio and KYC violations?
    A ₹1 lakh Correct Answer Incorrect Answer
    B ₹1.25 lakh Correct Answer Incorrect Answer
    C ₹2.10 lakh Correct Answer Incorrect Answer
    D ₹3 lakh Correct Answer Incorrect Answer
    E ₹61.40 lakh Correct Answer Incorrect Answer

    Solution

    The Karjan Nagarik Sahakari Bank was fined ₹2.10 lakh by the RBI for multiple violations, including failing to maintain the Cash Reserve Ratio (CRR) and non-compliance with KYC norms.

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