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:
Union Minister Shri. Virendra Kumar will launch the JEEVAN mobile app for the senior citizens…
On May 22nd the International Day for Biological Diversity 2026 will be observed all around…
Respectable Chief Minister of Tamil Nadu Joseph Vijay has expanded the his government and with…
The Reserve Bank of India (RBI) has announced the $5 billion USD-INR buy/sell swap auction…
Kerala become the first Indian state to create a Artificial Intelligence (AI) portfolio at the…
India is witnessing rapid infrastructure growth through major central government projects spread across different states.…