📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!


    Question

    What was the key reason for RBI cancelling HCBL

    Co-operative Bank’s license in May 2025?
    A Money laundering allegations Correct Answer Incorrect Answer
    B Poor cyber hygiene Correct Answer Incorrect Answer
    C Inadequate capital and weak earning potential Correct Answer Incorrect Answer
    D Non-compliance with income tax regulations Correct Answer Incorrect Answer
    E Involvement in fraudulent loan disbursement Correct Answer Incorrect Answer

    Solution

    The RBI cancelled HCBL Co-op Bank’s license due to inadequate capital and earning prospects, deeming it unfit to operate.

    Practice Next

    Relevant for Exams:

    ask-question

    Not sure which exam is best for you Talk to our expert

    Get My Free Call