Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 253)

2023-08-11 Banking

253.

How many cooperative banks were fined monetary penalties by the Reserve Bank of India for regulatory violations?

Two

Three

Four

Five

Answer: Option

Explanation:

The Reserve Bank of India (RBI) imposed monetary penalties on four co-operative banks for regulatory violations - Vita Urban Cooperative Bank Ltd, Shri Vinayak Sahakari Bank Ltd, Shreeji Bhatia Cooperative Bank Ltd, and Mizoram Urban Cooperative Development Bank Ltd.