Current Affairs - Banking - Discussion

Discussion Forum : Banking - Latest Current Affairs (Q.No. 1995)

2017-10-09 Banking

1995.

For which bank RBI imposes banking business restrictions recently?

Dena Bank

Oriental Bank of Commerce

Uco Bank

Overseas Bank

Answer: Option

Explanation:

Reserve Bank of India (RBI) imposed certain restriction on banking activities of Oriental Bank of Commerce. RBI initiated prompt corrective action (PCA) against OBC in view of high non-performing assets. OBC will face restrictions in terms of opening new branches, hiring staff and lending to sub-investment grade companies.