B) 1 crore Explanation: Relaxing chequebook norms, the Reserve Bank today left it to the lender‘s discretion on whether to issue fresh chequebooks or not in cases of dishonour of Rs 1 crore and above. As per the existing directive, banks are not allowed to issue fresh chequebooks in the event of cheque dishonour valuing Rs 1 crore and above on four occasions during a financial year for want of sufficient funds.