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    Question

    RBI has canceled the license of which of the following

    co- - operative banks of Karnataka for the inadequate capital?
    A Karnataka Central Co-Operative Bank Ltd Correct Answer Incorrect Answer
    B Sri Sudha Co-Operative Bank Correct Answer Incorrect Answer
    C The Karnataka State Co Operative Apex Bank Ltd Correct Answer Incorrect Answer
    D Millath Co-operative Bank Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

    RBI canceled the license of Millath Co-operative Bank due to lack of capital and earning prospects, and its continuance is prejudicial to the interests of its depositors.

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