2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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SIDBI
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SEBI
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RBI
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NABARD
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Detailed explanation-1: -The Reserve Bank of India has restricted these three banks from engaging in any banking activity due to their weak liquidity situation.
Detailed explanation-2: -Answer: Option C Explanation: The Reserve Bank has announced severe restrictions on three cooperative banks.
Detailed explanation-3: -The Reserve Bank has imposed several restrictions, including on the withdrawal of funds, on three cooperative banks in view of their deteriorating financial condition.
Detailed explanation-4: -As part of the restrictions, the two cooperative banks cannot grant loans, make any investment, incur any liability – including borrowal of funds and acceptance of fresh deposits, disburse or dispose of properties or assets.
Detailed explanation-5: -The four banks being put under restrictions by the RBI are are Ramgarhia Co-operative Bank, New Delhi; Sahebrao Deshmukh Co-operative Bank, Mumbai; Sangli Sahakari Bank, Mumbai; and Sharada Mahila Co-operative Bank Limited, Tumkur, Karnataka. These restrictions have been put under the Banking Regulation Act, 1949.