2017
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Reserve Bank of India
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Canara Bank
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Karnataka Bank
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Dena Bank
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Detailed explanation-1: -In terms of these provisions, banks without the prior approval of the RBI, cannot open a new place of business in India or abroad or change otherwise than within the same city, town or village, the location of the existing place of business. Foreign banks are allowed to operate in India through branches only.
Detailed explanation-2: -RESTRICTIONS ON THE RBI Such restrictions include that it cannot compete with the commercial banks, it cannot be involved in trade directly or indirectly, it cannot receive or advice loans against immovable properties, it is not permitted to pay interests on deposits or purchase its own shares.
Detailed explanation-3: -Press Trust of India The restrictions on Sri Mallikarjuna Pattana Sahakari Bank Niyamita, Maski (Karnataka) and Nashik Zilla Girna Sahakari Bank, Nashik (Maharashtra) will remain in force for six months, as per two statements issued by the central bank.