Imposing penalties on banks for regulatory non-compliance is a supervisory action. Inspecting, monitoring, and disciplining commercial banks falls under the RBI's role as Supervisor to Banks.
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,…
CUET UG 2023 — Economics Macro
2023mcqeasy
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.
Official previous-year question
Verified 13 Jul 2026.
Options
- A
Financial Advisor
- B
Supervisor to Banks
- C
Banker's Bank
- D
Lender to last resort
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