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    Question

    Why did RBI revoke the license of Purvanchal

    Co-operative Bank?
    A Non-compliance with KYC norms Correct Answer Incorrect Answer
    B Engaging in fraudulent activities Correct Answer Incorrect Answer
    C Inadequate capital and earning prospects Correct Answer Incorrect Answer
    D Failure to meet priority sector lending targets Correct Answer Incorrect Answer
    E Involvement in money laundering Correct Answer Incorrect Answer

    Solution

    The RBI revoked the license due to the bank's insufficient capital and poor earning potential, which made it unsustainable.

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