Recently the Reserve Bank of India cancelled the license of which cooperative bank?
A) Gorakhpur District Cooperative Bank
B) Purvanchal Cooperative Bank
C) Meerut District Cooperative Bank
D) Kanpur District Cooperative Bank
Answer : B
Description :
The Reserve Bank of India has cancelled the licence of Ghazipur-based Purvanchal Sahakari Bank in Uttar Pradesh as it does not have adequate capital and earning prospects. RBI also said that as per the data submitted by Purvanchal Sahakari Bank, about 99.51 per cent of the depositors are entitled to receive the full amount of their deposits from DICGC.
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