πŸ“’ Too many exams? Don’t know which one suits you best? Book Your Free Expert πŸ‘‰ call Now!

  • google app store apple app store
  • βœ–

      Question

      Why did RBI impose business restrictions on New India

      Co-operative Bank?
      A Cybersecurity threats Correct Answer Incorrect Answer
      B Violation of banking regulations Correct Answer Incorrect Answer
      C High non-performing assets (NPAs) Correct Answer Incorrect Answer
      D Liquidity issues and financial instability Correct Answer Incorrect Answer
      E Allegations of fraud Correct Answer Incorrect Answer

      Solution

      RBI barred New India Co-operative Bank from issuing new loans and suspended deposit withdrawals for six months due to supervisory concerns and liquidity issues. The bank reported financial losses of β‚Ή22.78 crore in FY24 and β‚Ή30.75 crore in FY23.

      Practice Next
      ask-question