RBI cancels licence of 2 cooperative banks
RBI cancels licence of 2 cooperative banks: The Reserve Bank of India (RBI) has cancelled the licence of two cooperative banks — Sri Sharada Mahila Co-operative Bank, Tumkur, Karnataka and Harihareshwar Sahakari Bank, Wai, Satara.
Reason: As the lenders do not have adequate capital and earning prospects.
Daily Current Affairs Quiz: July 2023
About 99.96% of the depositors of Harihareshwar Sahakari Bank and 97.82% of the depositors of Sri Sharada Mahila Co-operative Bank are entitled to receive the full amount of their deposits from DICGC.
In the case of Sri Sharada Mahila Co-operative Bank, about 97.82 per cent of the depositors are entitled to receive the full amount of their deposits from Deposit Insurance and Credit Guarantee Corporation (DICGC).
Take Mock Tests
Government Schemes Mock Test | Start Test! |
Political Science Mock Test – 42 | Start Test |
History Test – 190 | Start Test |
Quantitative Aptitude Test | Start Test! | Data Interpretation - Mock Test | Start Test! |
General Awareness - Mock Test | Start Test! |
Reasoning Ability - Mock Test | Start Test! |