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Current Affairs

RBI Extended Restrictions Imposed on Mumbai based Coop Banks

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.
RBI Extended Restrictions Imposed on Mumbai based Coop Banks RBI Extended Restrictions Imposed on Mumbai based Coop Banks Reviewed by Neha Verma on April 30, 2020 Rating: 5

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