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The Reserve Bank of India (RBI) has imposed a monetary penalty of how many rupees (in lakhs) on the Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, Kerala?

The Reserve Bank of India (RBI) has imposed a monetary penalty of how many rupees (in lakhs) on the Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, Kerala? Correct Answer 50

The correct answer is 50.

  • The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹50.00 lakh on the Urban Co-operative Bank Ltd. No. 1758, Perinthalmanna, Kerala.
  • It has been fined for non-compliance with directions issued on Income Recognition and Asset Classification (IRAC) norms and on Management of Advances-UCBs.
  • The penalty has been imposed through an order dated December 11, 2020.

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