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Q.

The Reserve Bank of India (RBI) has revoked the banking permit of which bank?

  • ABandhan Bank
  • BMahalaxmi Cooperative Bank Ltd
  • CMuthoot Finance Ltd.
  • DBajaj Finance Limited
Correct Answer : (B)

Mahalaxmi Cooperative Bank Ltd

Hints :

The Reserve Bank of India (RBI) made a significant announcement on June 27, revoking the banking permit of Mahalaxmi Cooperative Bank Ltd in Dharwad, Karnataka. However, in a subsequent move, the RBI granted the institution a non-banking institution license, allowing it to continue its operations.

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