2019
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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RBI slaps penalty for how many banks for non-strengthening of ’SWIFT’ related controls?
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7
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4
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3
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6
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Explanation:
Detailed explanation-1: -The Reserve Bank of India (RBI) on Monday informed that it has imposed monetary penalties on nine cooperative banks from six states for non-compliance with various provisions.
Detailed explanation-2: -The Reserve Bank of India (RBI) has imposed, by an order dated January 31, 2023, a monetary penalty of ₹15.00 lakh (Rupees Fifteen lakh only) on The Utkal Cooperative Bank Ltd.
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