Which bank's license recently was cancelled by the Reserve Bank of India (RBI) due to concerns regarding its inadequate capital?

Question

Which bank's license recently was cancelled by the Reserve Bank of India (RBI) due to concerns regarding its inadequate capital?

A. Punjab & Maharashtra Cooperative Bank

B. Kapol Co-operative Bank

C. Kangra Cooperative Bank Ltd.

D. Saraswat Cooperative Bank Ltd.

The Reserve Bank of India (RBI) cancelled the license of The Kapol Co-operative Bank Limited on September 25, 2023, due to concerns regarding its inadequate capital and earning prospects.

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Accepted Answer

B. Kapol Co-operative Bank

Which bank's license recently was cancelled by the Reserve Bank of India (RBI) due to concerns regarding its inadequate capital?

Correct Answer :

Show all Current Affairs September 2023 MCQ

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