Question
The Reserve Bank of India (RBI) has cancelled the
licence of Shankarrao Pujari Nutan Nagari Sahakari Bank Limited in Kolhapur city. According to RBI, the licence was cancelled as the bank does not have adequate capital and earning prospects and it does not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with ____________ of the Banking Regulation Act, 1949.Solution
The Reserve Bank of India (RBI) has cancelled the licence of Shankarrao Pujari Nutan Nagari Sahakari Bank Limited in Kolhapur city. The Commissioner for Cooperation and Registrar Cooperative Societies, Maharashtra, has also been requested to issue an order for winding up the bank and appoint a liquidator for the bank. According to RBI, the licence was cancelled as the bank does not have adequate capital and earning prospects and it does not comply with the provisions of Section 11(1) and Section 22 (3) (d) read with Section 56 of the Banking Regulation Act, 1949.The bank has also failed to comply with various other sections of the Banking Regulation Act, 1949.
- Anita spends 18% of her monthly income on rent and 70% of the rest on household expenditure. If she saves Rs. 1,890, then find her monthly income.
40 Litres of water is added to 60 litres of a solution containing 40% alcohol . What is the concentration of alcohol in solution now?
In a colony, there are 30 APL families and 36 BPL families. Each APL and BPL family got blankets equal to 25% and 75%, respectively of total number of f...
Monthly savings of ‘A’ is Rs. 1500 more than his monthly expenditure and his total monthly income is Rs. 4100. If his monthly income is increased by...
Monthly savings of ‘A’ is Rs. 1600 more than his monthly expenditure and his total monthly income is Rs. 4800. If his monthly income is increased by...
- Sarla had Rs. 8000 in total. She spent x% of this amount on food. After that, she spent (x + 20)% of the remaining money on rent. Additionally, she spent R...
What is 15% of 34?
In a small town, 50% of the people like fishing, 70% like hiking, and 30% like both. If the remaining 21 people don't like either activity, how many peo...
Two students appeared in an exam and one secured 10 marks more than the other. If marks of student who got more marks is 52% of the sum of the marks of ...
Sara has 150 kg of oranges (rotten and fresh). She sold 50% of the total oranges such that out of the remaining oranges, 30% are rotten. Find the percen...
Relevant for Exams:
