2022
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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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Yes Bank
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Ministry of Finance
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Canara Bank
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Detailed explanation-1: -The RBI on Wednesday cancelled the licence of Sarjeraodada Naik Shirala Sahakari Bank, Sangli, Maharashtra, as it did not have adequate capital and earning prospects.
Detailed explanation-2: -The Reserve Bank of India (RBI) has cancelled the licenses of 12 crisis-ridden cooperative banks in 2022 and imposed penalties around 110 times on wrongdoers, according to a Moneycontrol analysis.
Detailed explanation-3: -Today, the Reserve Bank of India (RBI), vide order dated March 02, 2022, has cancelled the licence of Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Dist.
Detailed explanation-4: -In terms of provisions of the DICGC Act, 1961, on cancellation of registration as an insured bank, the Corporation is liable to pay every depositor, the eligible amount subject to the limit of the insurance cover, based on his deposit/s and loans in the bank as on the cut-off date.