RBI Extended Restrictions Imposed on Mumbai based Coop Banks

Published on April 30, 2020
Current Context: Reserve Bank of India extended restrictions imposed on Mumbai based Co-operative banks for 6 months that is till 31st October 2020.
RBI Extended Restrictions Imposed on Mumbai based Coop Banks
  • The Reserve Bank in October 2018 had barred the bank from granting or renewing any loan for six months and later extended the curbs twice.
  • The bank was allowed to continue to undertake banking business with restrictions till "its financial position improves.

Static Part:

  • Headquarters of RBI– Mumbai, Maharashtra
  • Governor of RBI – Shaktikanta Das
  • Deputy Governors of RBI– Bibhu Prasad Kanungo, Mahesh Kumar Jain, Michael Debabrata Patra.

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