![RBI superseded the board of Mumbai-based Abhyudaya Co-op Bank for a year RBI superseded the board of Mumbai-based Abhyudaya Co-op Bank for a year](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjhi8CSkiWaNR4SQVD8N36imd3EcIjTBYAecQ375uSqeQVZn-GLmW9p33GiIJ9wMJpyHk5Ve38x7WzD2Q_A0gCkhVJ4BP8k3ABu6H3m9mC9jRmuMec4Rji7Fv5T3fFfgAlSCewMhRAbd8lIVB-HCrFpejDaM3RRzjOfAf_A6xZsDCMQ4ou4_7Ml0QXJlYte/w320-h192-rw/Copy%20of%20Copy%20of%20Copy%20of%20Untitled%20(500%20%C3%97%20300%20px)%20(500%20%C3%97%20280%20px)%20(3).png)
- This action was taken due to certain material concerns emanating from poor governance standards in the bank.
- The RBI has appointed Satya Prakash Pathak, a former Chief General Manager of State Bank of India, as the Administrator to manage the affairs of the bank during this period.
- A Committee of Advisors has also been appointed to assist the Administrator.
- The members of this committee are Venkatesh Hegde (former General Manager, SBI), Mahendra Chhajed (Chartered Accountant), and Suhas Gokhale (former MD, COSMOS Co-operative Bank Ltd.
Question:
Q.1 Who superseded the board of directors of the Mumbai-based Abhyudaya Co-operative Bank?a. State Bank of India
b. Reserve Bank of India
c. Government of India
d. Securities and Exchange Board of India