Question
In May 2018, which one of the following banks was restricted from giving fresh credit and new recruitment of staff by the Reserve Bank of India?
The correct answer is
Central Bank of India
RBI Actions Against Banks in May 2018
In May 2018, the Reserve Bank of India (RBI) imposed specific restrictions on the Central Bank of India.
The directive prohibited the bank from engaging in two key activities:
- Giving fresh credit facilities.
- Undertaking new recruitment of staff.
These regulatory actions were taken by the RBI concerning the identified bank during that period.
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Important Questions from Money and Banking
Match List I with List II :
List I
Indian Notes (New Currency)
List II
Pictures
(A) ₹10 (I) Ellora Caves (B) ₹100 (II) Konark, Sun Temple (C) ₹500 (III) Rani Ki Vav (D) ₹20 (IV) Red Fort Choose the correct answer from the options given below :
In which year was the Reserve Bank of India established?
- In which year was the 'Reserve Bank of India' established?
- Which of the following is NOT a component of the Fiscal Policy in India?
- What is the real interest rate on a Credit Card loan bearing 24% interest per year, if the rate of inflation is 10%?
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