New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Recently Reserve Bank of India (RBI) has lifted its

    three-year ban from which Mercantile Bank on opening new branches with effect from October 21, 2022.
    A Bombay Mercantile Co- Operative Bank Limited Correct Answer Incorrect Answer
    B Mercantile Bank of India Correct Answer Incorrect Answer
    C Tamilnad Mercantile Bank Ltd. Correct Answer Incorrect Answer
    D India Mercantile Co-operative Bank Correct Answer Incorrect Answer
    E None of the above Correct Answer Incorrect Answer

    Solution

    Reserve Bank of India (RBI) has lifted its three-year ban from Tamilnad Mercantile Bank (TMB)  on opening new branches by the Thoothukudi-based bank with effect from October 21. At present, it has 509 branches -- 106 rural, 247 semi-urban, 80 urban and 76 in metropolitan. RBI Headquarters: Mumbai Governor: Shaktikanta Das 4 Deputy Governors: T. Rabi Sankar, MK Jain, MD Patra, M Rajeshwar Rao Tamilnad Mercantile Bank Limited       Headquarters: Thoothukudi         CEO: K V Rama Moorthy

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