Question

Reserve Bank of India (RBI) has placed additional restrictions on __________ under prompt corrective action (PCA) since January 2018.
A. Bank of Baroda
B. Punjab National Bank
C. Dena Bank
D. Allahabad Bank

Answer 1

Reserve Bank of India (RBI) has placed additional restrictions on Allahabad bank that was under prompt corrective action (PCA) since January 2018.

RBI has disqualified Allahabad bank from high-risk lending & has advised to decreased exposure to high-risk and unrated advances.

This bank is known to be the second lender after the Dena Bank among all other 11 banks under PCA which has been limited by RBI from lending the risky assets.

Answer 2

Heya !!

Your answer

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ALLAHABAD BANK

Reserve Bank of India has placed additional restrictions on Allahabad Bank under prompt corrective action since January 2018 .

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