The Reserve Bank of India (RBI) recently imposed a monetary penalty on three banks -- Rs 1.50 lakhs on Dr. Ambedkar Nagarik Sahakari Bank Maryadit, Rs 25,000 on Nagarik Sahakari Bank Maryadit, and Rs 1 lakh on Ravi Commercial bank for violating the provisions of its regulations. The banking regulator has imposed a monetary penalty for contravention of non-compliance with the directions issued to Ravi Commercial bank on exposure norms and statutory and other restrictions & KYC. Which function of central Bank is refered to in the above paragraph.

Question

Option 1: Financial Advisor

Option 2: Supervisor to Banks

Option 3: Banker's Bank

Option 4: Lender to last resort

AfterBoards · Accepted Answer

The answer is 'Supervisor to Banks'. View full solution:

CUET Economics PYQs

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