Correct option is D
I. The officers concerned in the commercial banks are to be suspended.
Analysis: Suspension of officers may be a drastic step without proper investigation. Before taking any punitive action, it is essential to first verify the allegations and determine if the commercial banks are indeed violating the RBI directive. A fair inquiry must be conducted, and only then can the responsible officers be held accountable.
Conclusion: Not a suitable immediate action, as it might be premature and could be seen as harsh without investigation.
II. The RBI should be asked to stop giving such directives to commercial banks.
Analysis: The directive issued by the RBI might be based on necessary economic reasons. The issue could be with the non-compliance of the directive rather than the directive itself. Instead of stopping such directives, it may be better to ensure that commercial banks comply with the RBI rules.
Conclusion: Not a suitable course of action because the RBI directive may still serve a valid purpose and stopping it would not address the non-compliance by commercial banks.
Final Conclusion:
Neither Course of Action I nor II is ideal. A better course of action would be to first investigate the allegations thoroughly, ensuring that the commercial banks comply with the RBI directive.
