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

    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.

    Practice Next

    Relevant for Exams: