The Reserve Bank of India (RBI) has banned the Manta Urban Cooperative Bank in Jalna district of Maharashtra for six months for payment of money and loan transactions. The central bank has given some instructions to this bank, which will be effective for six months since the bank closed on 17 November 2020.
According to these instructions, this bank will not be able to make any loan or loan without RBI permission, nor will it be able to renew the old loans and make any investment. Bank has also been banned from accepting new deposits. He will not be able to make any payment nor make any agreement to pay.
Important takeaways for all competitive exams:
Businessman Alix Didier Fils-Aime has been sworn in as Haiti's new prime minister, vowing to…
On November 12, 2024, the Defence Research and Development Organisation (DRDO) successfully conducted the maiden…
Law and Justice Minister Arjun Ram Meghwal launched a book titled ‘Maa-Mother’ in New Delhi,…
India is a country known for its vast geography, which includes mountains, deserts, rivers, and…
India has reached a significant milestone in intellectual property (IP) rights, now ranking within the…
The UN’s World Meteorological Organization (WMO) has issued a "red alert" on climate change, warning…