📢 Too many exams? Don’t know which one suits you best? Book Your Free Expert 👉 call Now!

    âš¡ Month End Offer - Flat 52% Off On All Courses! Enroll Now âš¡
    00:00:00 AM Left

    Question

    RBI recently imposed several restrictions on Indian

    Mercantile Cooperative Bank Ltd. including a cap of Rs 1 lakh on withdrawals. The Indian Mercantile Cooperative Bank is based at ______________.
    A Indore Correct Answer Incorrect Answer
    B Lucknow Correct Answer Incorrect Answer
    C Prayagraj Correct Answer Incorrect Answer
    D Bhopal Correct Answer Incorrect Answer
    E Chandigarh Correct Answer Incorrect Answer

    Solution

    RBI recently imposed several restrictions on Indian Mercantile Cooperative Bank Ltd, Lucknow, including a cap of Rs 1 lakh on withdrawals. RBI has imposed the above restriction in the exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949.

    Practice Next
    More Finance Questions
    ask-question