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:
Honorable PM Narendra Modi presented Russian President Vladimir Putin with a Russian translation of the…
The East Zone bagged the Duleep Trophy trophy 2026-27 following the draw between South Zone…
Since the time of the first summit held in 2009, there has been much change…
The group of BRICS countries has grown considerably, with 11 leading emerging economies belonging to…
As India is organizing the 18th BRICS Summit in New Delhi from September 12 to…
The Reserve Bank of India (RBI) has come up with an innovative digital payment features…