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.
With reference to UPSC’s ‘Pratibha Setu’ platform (2025), consider the following statements:
1. It provides a structured recruitment portal...
What is the title of the book launched by renowned author M.J. Akbar, along with co-author K. Natwar Singh?
What is the strategic partnership between India and Poland primarily focused on, as part of their five-year action plan?
Under the PM Awas Yojana (Urban), which of the following components specifically targets the provision of houses to the Economically Weaker Sections (EW...
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Which state government recently announced a special scheme offering a 50% subsidy on Nano Urea and Nano DAP to promote sustainable agricultural practices?
What new name was given to the Durbar Hall at Rashtrapati Bhavan by President Droupadi Murmu in July 2024?
Match the following demographic indicators with the states as per the SRS 2021 report:
As of July 2024, which organization has collaborated with the World Intellectual Property Organization (WIPO) to foster innovation, entrepreneurship, an...
With reference to the Banking Laws (Amendment) Act, 2025, consider the following statements:
1. The Act redefines the threshold for ‘substantia...
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