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:
National News The Ministry of Skill Development and Entrepreneurship Marks 12 Years of Skill India…
For the strengthening of the accountability in the city's street food ecosystem, The Gujarat Information Commission…
India has announced the $2.5 million contribution to the United Nations Relief and Works Agency…
Honorable President of India Droupadi Murmu has approved the merger of a REC Limited with…
The Ministry of Skill Development and Entrepreneurship (MSDE) has completed the 12 years of the…
Respectable Union Minister of State for Labour and Employment and MSME, Shobha Karandlaje has led…