What led the Reserve Bank of India (RBI) to impose monetary penalties on five cooperative banks, including Indapur Urban Co-operative Bank and Janakalyan Sahakari Bank?

Question

What led the Reserve Bank of India (RBI) to impose monetary penalties on five cooperative banks, including Indapur Urban Co-operative Bank and Janakalyan Sahakari Bank?

A. Financial Mismanagement

B. Regulatory Compliance Deficiencies

C. Customer Service Issues

D. Technological Failures

The RBI imposed penalties on these cooperative banks due to deficiencies in regulatory compliance, emphasizing the need to address gaps in adhering to banking regulations. The cooperative banks include Indapur Urban Co-operative Bank Ltd, Janakalyan Sahakari Bank Ltd, The Patan Urban Co-operative Bank Ltd, Pune Merchants Co-operative Bank Ltd, and Pune Municipal Corporation Servants Co-operative Urban Bank Ltd.

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Show all Current Affairs December 2023 MCQ

Comment

At COP-28 in Dubai, what ranking did India achieve in the latest edition of the Climate Change Performance Index (CCPI)?

A. 5th

B. 6th

C. 7th

D. 8th

What led the Reserve Bank of India (RBI) to impose monetary penalties on five cooperative banks, including Indapur Urban Co-operative Bank and Janakalyan Sahakari Bank?

Correct Answer :

Show all Current Affairs December 2023 MCQ

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