2016
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reserve Bank has recently imposed penalty on two cooperative banks in which state under the Banking Regulation Act, 1949
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Andhra Pradesh
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Chhattisgarh
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Haryana
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Madhya Pradesh
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) has imposed a monetary penalty on Hissar Urban Cooperative Bank Ltd and Andaman and Nicobar State Co-operative Bank Ltd for violation of banking norms.
Detailed explanation-2: -The Reserve Bank regulates the banking functions of StCBs/DCCBs/UCBs under the provisions of Sections 22 and 23 of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies (AACS).
Detailed explanation-3: -Section 46 in BANKING REGULATION ACT, 1949.
Detailed explanation-4: -(i) Yes Bank has been included in the Second Schedule to the Reserve Bank of India Act, 1934 with effect from 19th August 2004.
There is 1 question to complete.