Reserve Bank of India has imposed a penalty of how much on Janalaxmi Co-operative Bank?

• A. Rs 34.35 lakh
• B. Rs 50.35 lakh
• C. Rs 90.35 lakh
• D. Rs 43.35 lakh

Answer: (B)

Reserve Bank of India has imposed a penalty of Rs 50.35 lakh on Janalaxmi Co-operative Bank, Nashik for non-compliance with certain regulatory requirements.