Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 2115)

2017-05-15 Banking

2115.

This bank business has been restricted by the Reserve Bank of India for continuous erosion of net worth and huge NPAs.

Vijaya Bank

Dena Bank

Syndicate Bank

UCO Bank

Answer: Option

Explanation:

Public sector lender Uco Bank is facing business restrictions from Reserve Bank of India (RBI) following mounting losses, continuous erosion of net worth and huge NPAs. It has become the second ender to face business restrictions after IDBI Bankfollowing RBI's revision of its PCA framework.