PMC bank Current Affairs, GK & News

RBI forms Academic Advisory Council for Supervisory College

The Reserve Bank of India recently formed an advisory council under former deputy governor N S Vishwanathan to advise the director of the central bank on supervisory colleges. What is the role of the council? The council will identify areas where upskilling and building are required in supervisory colleges. Also, the council will plan and ..

Month: 

Category: 

Topics: 

Cooperative Banks brought under RBI

On June 24, 2020, the Union Cabinet chaired by PM Modi approved to bring cooperative banks under the Reserve Bank of India. This is to be done through an ordinance. Highlights There are about 1,482 crores of urban cooperative banks. Apart from these, India also holds 58 multi-state cooperative banks. These banks together support 8.6 ..

Month: 

Category: 

Topics: 

RBI extends restrictions on PMC Bank, eases Withdrawal Limit

The Reserve Bank of India on 19th June 2020 has extended the regulatory restrictions imposed on the multi-state urban Cooperative Bank, Punjab and Maharashtra Cooperative Bank Limited (PMC Bank) by another 6 months. As per the earlier notice dated March 21st, 2020, the regulatory restrictions were up to 22nd June 2020, which now has been ..

Month: 

Category: 

Topics: