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 RBI Extended Restrictions Imposed on Mumbai based Coop Banks](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEiq7dwGEv-N8xVOp4_0nkxERUYRLNnsD3xl9MnzR6Y1QnUcaJ8LO3TcK8giBR6GW4a1OmebOKs0ReGvRNwC8aDkaui25cgdT8MDqstImjbYgKdFRlVY0cEFM-4vkHekSu4u22LKpjXLj-M5/s320-rw/RBI.jpg)
- 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.