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    Question

    Where was the Urban Co-operative Bank (UCB) situated,

    whose license was cancelled by the Reserve Bank of India (RBI) in Dec 2023?
    A Sitapur, Uttar Pradesh Correct Answer Incorrect Answer
    B Kanpur, Uttar Pradesh Correct Answer Incorrect Answer
    C Lucknow, Uttar Pradesh Correct Answer Incorrect Answer
    D Allahabad, Uttar Pradesh Correct Answer Incorrect Answer
    E Varanasi, Uttar Pradesh Correct Answer Incorrect Answer

    Solution

    The Reserve Bank of India (RBI) has cancelled the licence of Urban Co-operative Bank (UCB), Sitapur, Uttar Pradesh. RBI said the bank ceases to carry on banking business, with effect from the close of business on December 07, 2023.

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