Current Affairs - Banking - Discussion
Discussion Forum : Banking - Latest Current Affairs (Q.No. 2097)
2097.
The Reserve Bank Of India (RBI) initiated the Prompt Corrective Action against this bank activities.
Answer: Option
Explanation:
The Reserve Bank of India (RBI) initiated prompt corrective action (PCA) on Bank of Maharashtra placing a restriction on the banking activities. This is the sixth bank to be placed under PCA by the RBI, the other 5 banks are Central Bank of India, IDBI Bank, UCO Bank, Dena Bank and Indian Overseas Bank.
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