 |
| RBI imposes 25 lakh penalty on Madhya Pradesh State Co-operative Bank Maryadit | Daily Current Affairs Dose |
Dear Aspirants, EducationBro is here with a Daily Current Affairs Dose. In this session, we will make the candidates aware of the daily current affairs topics, which will improve their general awareness, while also taking care that the candidates should not have any shortage of trending current affairs related to any country and abroad. Today’s Current Affairs topic is RBI imposes 25 lakh penalty on Madhya Pradesh State Co-operative Bank Maryadit.
Our Daily Current Affairs Dose 2021 will help you to crack the General Awareness section of Banking Insurance SSC Railway UPSC and all government jobs exams.
RBI imposes 25 lakh penalty on Madhya Pradesh State Co-operative Bank Maryadit | Daily Current Affairs Dose
The Reserve Bank of India (RBI) has imposed a monetary penalty of ₹25.00 Lakh (Rupees Twenty-Five Lakh) on Madhya Pradesh Rajya Sahakari Bank Maryadit, Bhopal, Madhya Pradesh (the bank) for non-compliance with regulatory directions issued by NABARD contained in “Review of Frauds - Guidelines on Monitoring and Reporting System”.
Read Also: RBI imposes fine on 9 commercial Banks for non-compliance relating to reporting of frauds
This action is based on deficiencies in regulatory compliance and is not intended to pronounce upon the validity of any transaction or agreement entered into by the bank with its customers.
Important facts for upcoming exams from the above Current Affairs Topic
- Establishment of Reserve Bank of India (RBI): 1 April 1935
- Headquarters of RBI: Mumbai, Maharashtra, India
- Governor of RBI: Shaktikanta Das
- Deputy Governor of RBI: Mahesh Kumar Jain, Dr. M. D. Patra, M. Rajeshwar Rao and T. Rabi Sankar
- Ownership of RBI: Ministry of Finance , Government of India
Current Policy Rates
- Policy Repo Rate: 4.00%
- Reverse Repo Rate: 3.35%
- Marginal Standing Facility Rate: 4.25%
- Bank Rate: 4.25%
Current Reserve Ratio
- CRR: 4.00%
- SLR: 18.00%
0 Comments