Skip to main content

Questions asked by panel members

Here is the list of questions asked by panel members in Mock interview. This is provided by candidates who attended mock interview in Trichy. What are the questions asked by panel members? Self intro, mechanical questions, why arrears, fiscal policy, rbi related questions, payments Bank, private banks, pm awas Yojana What is the difference between nationalized banks and public sector banks? What is hypothecation, pledge and mortgage? What are the types of ways we can return the money to someone? What is banking regulation act? Self intro What is bank About my education Why banking after your degree How ur degree is useful in banking Neft and rtgs diffrence Crr amd slr rate What is budget Demand and term deposit Deficit What's rbi function What's clean note policy And banking terms explanation And asked about career cap and why I didn't pursue higher education Details about mudra loan You have a long gap after the degree so panel members won't select you. There is only 3...
Post a Comment

RBI Imposes Monetary Penalty on the following Banks (Part 2)

 RBI Imposes Monetary Penalty on the following Banks (Part 2)

The Bechraji Nagarik Sahakari Bank Ltd., Bechraji, district Mehsana (Gujarat)

The Reserve Bank of India (RBI) has, by an Order dated December 12, 2022, imposed a monetary penalty of ₹50,000/- (Rupees fifty thousand only) on The Bechraji Nagarik Sahakari Bank Ltd., Bechraji, district Mehsana (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) © read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI.

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.

 

Background

The statutory inspection of the bank conducted by RBI with reference to the bank’s financial position as on March 31, 2018, and examination of the Inspection Report and all related correspondence pertaining to the same revealed, inter alia, that the bank had not maintained minimum Cash Reserve Ratio (CRR), resulting in contravention of aforesaid directions issued by RBI. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for contravention of the aforesaid directions issued by RBI.

After considering the bank’s reply to the notice and oral submissions made during the personal hearing, the RBI came to the conclusion that the aforesaid charge was substantiated and warranted imposition of monetary penalty.

 

Shree Vardhaman Sahakari Bank Ltd., Vadodara (Gujarat)

The Reserve Bank of India (RBI) has, by an Order dated December 12, 2022, imposed a monetary penalty of ₹2.00 lakh (Rupees two lakh only) on Shree Vardhaman Sahakari Bank Ltd., Vadodara (Gujarat) (the bank) for contravention of directions issued by RBI on ‘Maintenance of Statutory Reserves – Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) by Primary (Urban) Co-operative Banks’. This penalty has been imposed in exercise of powers vested in the RBI under the provisions of Section 47 A (1) © read with Sections 46 (4) (i) and 56 of the Banking Regulation Act, 1949, taking into account the failure of the bank to adhere to the aforesaid directions issued by RBI.

 

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.

 

Background

 

The statutory inspection of the bank conducted by RBI with reference to the bank’s financial position as on March 31, 2018, and examination of the Inspection Report and all related correspondence pertaining to the same revealed, inter alia, that the bank had not maintained minimum Cash Reserve Ratio (CRR), resulting in contravention of aforesaid directions issued by RBI. In furtherance to the same, a notice was issued to the bank advising it to show cause as to why penalty should not be imposed for contravention of the aforesaid directions issued by RBI.

 

After considering the bank’s reply to the notice and oral submissions made during the personal hearing, the RBI came to the conclusion that the aforesaid charge was substantiated and warranted imposition of monetary penalty.


For part 03 Click here


For part 01 Click here


Click here for more information 

Comments

Post a Comment

Popular posts from this blog

Pradhan Mantri Suraksha Bima Yojana

  Pradhan Mantri Suraksha Bima Yojana Details An Accident Insurance Scheme offering accidental death and disability cover for death or disability on account of an accident. Premium  Rs.12/- per annum per member. The premium will be deducted from the account holder’s bank account through ‘auto debit’ facility in one instalment on or before 1st June of each annual coverage period under the scheme. Coverage Duration The cover shall be for the one-year period stretching from 1st June to 31st May However, in cases where auto debit takes place after 1st June, the cover shall commence from the date of auto debit of premium by Bank Accident cover assurance termination The accident cover of the member shall terminate / be restricted accordingly on any of the following events: On attaining age 70 years (age nearer birth day). Closure of account with the Bank or insufficiency of balance to keep the insurance in force. In case a member is covered through more than one account and premi...
Post a Comment
Read more

Pradhan Mantri Jan Arogya Yojana

  Pradhan Mantri Jan Arogya Yojana Details PMJAY is a health insurance scheme for low-income Families of rural and urban areas. The scheme aims to provide affordable health care facilities to the Poor.  Key Features of PM-JAY PM-JAY is the world’s largest health insurance/ assurance scheme fully financed by the government. It provides a cover of Rs. 5 lakhs per family per year for secondary and tertiary care hospitalization across public and private empanelled hospitals in India. Over 10.74 crore poor and vulnerable entitled families (approximately 50 crore beneficiaries) are eligible for these benefits. PM-JAY provides cashless access to health care services for the beneficiary at the point of service, that is, the hospital. PM-JAY envisions to help mitigate catastrophic expenditure on medical treatment which pushes nearly 6 crore Indians into poverty each year. It covers up to 3 days of pre-hospitalization and 15 days post-hospitalization expenses such as diagnostics and medicin...
Post a Comment
Read more

Good Governance Day 25 December 2022

  Good Governance Day: Celebrating Atal Bihari Vajpayee, who changed the way India governed      Every year on December 25, India celebrates Good Governance Day or Sushasan Diwas. The day was established in 2014 to honour former Prime Minister Atal Bihari Vajpayee on his birthday. Under Vajpayee's visionary leadership, efforts to improve governance began to show up in the lives of the people. Why do we celebrate Good Governance Day?       The purpose of the day is to inform citizens about the government's responsibilities and duties. Good Governance Day is observed to promote the welfare and advancement of the people. The day attempts to ensure a highly effective and accountable government for the country's citizens. It also aims to bring citizens closer to the government and to make them active participants in the process of good governance. On December 23, 2014, India's highest civilian award, the Bharat Ratna, was bestowed upon Atal Bihari Vajp...
Post a Comment
Read more