The Reserve Bank Of India (RBI) initiated the Prompt Corrective Action – InterviewSolution

InterviewSolution

1.	The Reserve Bank Of India (RBI) initiated the Prompt Corrective Action against this bank activities.
Answer» The Reserve Bank of India (RBI) initiated prompt corrective action (PCA) on Bank of Maharashtra placing a restriction on the banking activities. This is the sixth bank to be placed under PCA by the RBI, the other 5 banks are Central Bank of India, IDBI Bank, UCO Bank, Dena Bank and Indian Overseas Bank.

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