The Reserve Bank recently cancelled the license of which of the following bank?
A. Svc Co-Operative Bank
B. Fino Payments Bank
C. Catholic Syrian Bank Limited
D. Karnala Nagari Sahakari Bank
Explanation:
The Reserve Bank has cancelled the license of Raigad based Karnala Nagari Sahakari Bank Limited in Maharashtra. As informed by the Reserve Bank of India, the license of Karnala Nagari Sahakari Bank was cancelled due to insufficient capital and earning prospects and its continuance would have adversely affected depositors.
