Question

RBI has canceled the license of which of the following co- - operative banks of Karnataka for the inadequate capital?

A Karnataka Central Co-Operative Bank Ltd Correct Answer Incorrect Answer
B Sri Sudha Co-Operative Bank Correct Answer Incorrect Answer
C The Karnataka State Co Operative Apex Bank Ltd Correct Answer Incorrect Answer
D Millath Co-operative Bank Correct Answer Incorrect Answer
E None of these Correct Answer Incorrect Answer

Solution

RBI canceled the license of Millath Co-operative Bank due to lack of capital and earning prospects, and its continuance is prejudicial to the interests of its depositors.

Practice Next

Relevant for Exams:

×
×