Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 1723)
1723.
The Reserve Bank of India (RBI) barred this bank from opening new branches.
Answer: Option
Explanation:
The Reserve Bank of India (RBI) barred Bandhan Bank from opening new branches and also ordered freezing of the bank's CEO salary over failure to stick to shareholding rules. The Bank was not able to bring down the shareholding of Non-Operative Financial Holding Company (NOFHC) to 40% as required under the licensing condition, general permission to open new branches stands withdrawn.
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