Current Affairs - Business - Discussion

Discussion Forum : Business - Latest Current Affairs (Q.No. 575)

2019-09-25 Business

575.

What is the maximum amount that an account holder of Punjab and Maharashtra Co-operative Bank Limited (PMC) can withdraw after prohibition on business transaction from RBI?

10000

5000

3000

1000

Answer: Option

Explanation:

On September 23, 2019, The country's central bank, Reserve Bank of India (RBI) has prohibited Punjab and Maharashtra Co-operative Bank Limited (PMC) on business transactions of any kind for the next 6 months following the detection of alleged irregularities.