New Enroll in our GIC Finance Online Course Here!

    Register

    Question

    What was the penalty imposed on the Amod Nagric

    Co-operative Bank for 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 RBI fined the Amod Nagric Co-operative Bank ₹1 lakh for granting loans to directors' relatives and failing to upload KYC records within the prescribed timeline.

    Practice Next