The Reserve Bank of India Cancels the Licence of __________ in Alwar.
A. Punjab National Bank
B. Bharatiya Mahila Bank Limited
C. Oriental Bank Of Commerce
D. Urban Co-operative Bank
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D.urban Co-operative Bank.
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Answer:
The Reserve Bank of India Cancels the Licence of Urban Co-operative Bank in Alwar.
Explanation:
The Reserve bank of India has introduced that the licence of Alwar city Co-operative financial institution in Alwar, Rajasthan .
License of Urban Co-operative Bank has been cancelled because it is not in a position to pay its depositors in complete as and when their claims accrue, amongst different intention.
The reasons for the cancellation of the licence have been, the bank does now not have good enough capital and incomes potentialities, and therefore does no longer follow the relevant provisions of the Banking law Act, 1949.
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