Current Affairs Business and Economy Banking Affairs

. Consider the following statements regarding the penalties imposed by RBI in March 2025 and identify which are correct:

  1. RBI imposed a monetary penalty of Rs 1 lakh on Karnataka Gramin Bank for non-compliance with IRACP norms.

  2. South Canara District Central Co-operative Bank (SCDCC) was penalized Rs 5 lakh for sanctioning loans to its directors.

  3. The penalties were imposed for compliance with the Companies Act, 2013.

Which of the above statements are correct?

1
1 only
2
2 only
3
3 only
4
1 and 2 only
5
1 and 3 only

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