Question
The Reserve Bank of India (RBI) has approved the
amalgamation of Akola Merchant Co-operative Bank Ltd, located in Akola, Maharashtra, with The Jalgaon Peoples Co-operative Bank Ltd, situated in Jalgaon, Maharashtra. This merger has been sanctioned by the RBI, exercising its powers as per Sub-Section (4) of Section 44A in conjunction with _______of the Banking Regulation Act, 1949.Solution
The Reserve Bank of India (RBI) has approved the amalgamation of Akola Merchant Co-operative Bank Ltd, located in Akola, Maharashtra, with The Jalgaon Peoples Co-operative Bank Ltd, situated in Jalgaon, Maharashtra. This merger has been sanctioned by the RBI, exercising its powers as per Sub-Section (4) of Section 44A in conjunction with Section 56 of the Banking Regulation Act, 1949. This move is expected to contribute to the strengthened banking landscape in the region and enhance the services offered to customers of both institutions.
Consider the statements about Chandaka-Dampara Wildlife Sanctuary:
1. Forest Department of state has planned a ‘nocturnal trail’ for people i...
Which city has been ranked first in the 'Population over 10 Lakh' category of Clean Air Survey-2023?
Who was elected as the President of Hungary in 2024?
Which country will host the G20 Parliament Speakers Summit?
The Parliament of India exercises control over the functions of the Council of Ministers through which of the following:
I) Adjournment motion
In which year did Pastor Reverend established the 'London Missionary Society' in Almora?
What is the financial assistance amount provided to each Model Solar Village under the PM-Surya Ghar Free Electricity Scheme?
In the largest hockey stadium of the country was inaugurated in?
What significant technological achievement was highlighted in the successful test of a Cruise Missile in India on April 18, 2024?
Which railway station in Uttar Pradesh was recently renamed as Guru Gorakhnath Dham?
