RBI imposes restrictions on Mumbai-based Raigad Sahakari Bank

Current Context: RBI (Reserve bank of India) imposed several restrictions on Mumbai-based Co-operative bank Raigad Sahakari bank due to the worsening of the financial situation of the bank.

• The RBI imposed restrictions include a withdrawal cap of Rs 15000 per customer and this will remain in force for a period of six months.
• RBI said a sum not exceeding Rs 15,000 of the total balance across all the savings bank or current account or any other accounts of the depositor may be allowed to be withdrawn.
• The bank cannot provide loans, make any investments, or accept fresh deposits without prior approval from RBI.
• RBI said the directions issued to Raigad Sahakari bank should not per se be construed as a cancellation of banking business.
• The bank will continue to do banking business with restrictions till its financial position improves.
• Static Knowledge:
• RBI governor - Shaktikanta Das (25th RBI governor)
• RBI headquarters - Mumbai
• RBI was formed - on 1 April 1935

Question: 

Q.1 RBI imposed restrictions on which Mumbai-based co-operation bank due to worsening of its financial situation?
a. Punjab and Maharashtra co-operative bank
b. Saraswat Co-operative Bank Ltd
c. Kapol co-operative bank Ltd
d. Raigad Sahakari bank