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RBI canceled the licence of this bank for not having adequate capital and earning prospect.
  • a)
    Central Co-operative Bank
  • b)
    Bhilwara Mahila Urban Co-operative Bank
  • c)
    Punjab National Bank
  • d)
    Vijaya Bank
Correct answer is option 'B'. Can you explain this answer?
Verified Answer
RBI canceled the licence of this bank for not having adequate capital ...
RBI has cancelled the licence of Rajasthan-based Bhilwara Mahila Urban Co-operative Bank. RBI said that the bank does not have adequate capital and earning prospect and is not in a position to pay its present and future depositors. The cancelled licence of the bank is in effect from the close of business on August 31, 2018.
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RBI canceled the licence of this bank for not having adequate capital and earning prospect.a)Central Co-operative Bankb)Bhilwara Mahila Urban Co-operative Bankc)Punjab National Bankd)Vijaya BankCorrect answer is option 'B'. Can you explain this answer?
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