Recently, RBI has cancelled the licence of which cooperative bank?
A. Akola Urban Coop Bank
B. Bassein Catholic Cooperative Bank
C. Indian Mercantile Cooperative Bank
D. Shivajirao Bhosale Sahakari Bank
Explanation:
Recently the Reserve bank of India (RBI) has cancelled the licence of Shivajirao Bhosale Sahakari Bank, Pune as the lender does not have adequate capital and earning prospects. The central bank has taken this decision due to lack of sufficient capital and earning potential with the bank.
