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      Question

      Why did RBI revoke the license of Purvanchal

      Co-operative Bank?
      A Non-compliance with KYC norms Correct Answer Incorrect Answer
      B Engaging in fraudulent activities Correct Answer Incorrect Answer
      C Inadequate capital and earning prospects Correct Answer Incorrect Answer
      D Failure to meet priority sector lending targets Correct Answer Incorrect Answer
      E Involvement in money laundering Correct Answer Incorrect Answer

      Solution

      The RBI revoked the license due to the bank's insufficient capital and poor earning potential, which made it unsustainable.

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