Question
Which cooperative bank's license was recently revoked by
the Reserve Bank of India due to insufficient capital and earnings prospects, leading to its closure in July 2024?Solution
The RBI cancelled the license of Uravakonda Cooperative Town Bank, citing inadequate capital and earning prospects. This decision required the bank to cease operations effectively, ensuring depositor protection through the DICGC.
Consider the following statements about International Social Security Association (ISSA):Â
1.   Recently ESIC was awarded by the “Internat...
Average CPI inflation during the first five months of 2025 (Jan–May 2025) was:
India has gifted indigenously built missile corvette 'INS Kirpan' to which country?
Where is the recently confirmed cave on the moon located?
Which report indicates that India’s CO₂ emissions will increase by 4.6% in 2024?
The Vernacular Press Act was passed in which year?
Who inaugurated the Athlete Passport Management Unit (APMU) at the National Dope Testing Laboratory in 2025?
Who has been approved by RBI as the part-time Chairman of Jammu & Kashmir Bank for the term ending March 26, 2028?
Where are the headquarters of Softbank Group?Â
The Reserve Bank of India’s Regulatory Review Cell (RRC) will review regulations of banks and regulated entities once every:
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