Current Context: The Reserve Bank of India has restricted Kanpur, UP based People’s Co-operative Bank from granting fresh loans and accepting deposits for six months i.e. from 10th June 2020.
- The decision has been taken due to the weak financial status of the bank.
- The bank is restricted by RBI from selling, transferring and disposing any of its properties or assets.
- Also, no withdrawal of any amount from all the SA and CA or any other account of depositor will be allowed from the bank.
- Static Part:
- HQ of RBI: Mumbai
- Governor of RBI: Shaktikanta Das
Question:
Q.1 RBI has restricted which of the following bank from granting fresh loans and accepting deposits for six months?
a. People’s Co-operative Bank (Kanpur)
b. Rajkot Nagrik Sahakari Bank
c. Greater Bombay Co-operative Bank
d. Akola Urban Co-operative Bank
a. People’s Co-operative Bank (Kanpur)
b. Rajkot Nagrik Sahakari Bank
c. Greater Bombay Co-operative Bank
d. Akola Urban Co-operative Bank
