Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1058)
1058.
Which bank's license has been cancelled by the RBI under the Section 22 (4) of the Banking Regulations Act, 1949?
Federal Bank Ltd.
PNB
Kalupur Commercial Co-Op Bank Ltd.
Subhadra Local Area Bank Ltd
Answer: Option
Explanation:
The RBI has, cancelled the banking licence issued to Subhadra Local Area Bank Ltd., Kolhapur, Maharashtra under Section 22 (4) of the Banking Regulation Act, 1949 to carry on banking business in India.
Discussion:
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