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?

Punjab National Bank
Dena Bank
Central Bank of India
Bandhan Bank

LohaHridoy

4 views

2025-01-04 04:42

1 Answers

AhmedNazir

Option 2 : Dena Bank

The Correct Answer is Option 2 i.e Dena Bank.

Dena Bank:
- In May 2018, Reserve Bank of India (RBI) has initiated Prompt Corrective Action (PCA) against Dena Bank in view of high non-performing assets, restricting the bank from giving fresh credit and new recruitment of staff.
- It makes Dena Bank the first lender to face curbs on lending under the PCA framework.
- It has been merged with the other two Banks i.e Vijaya Bank and Bank of Baroda.

Name of the Bank	Head of the organization	Headquarters
Bank of Baroda	Hasmukh Adhia (Chairman)	Mumbai
Central Bank of India	Shri Pallav Mohapatra (MD and CEO)	Mumbai
Bandhan Bank	Chandra Shekhar Ghosh (MD and CEO)	Kolkata
Punjab National Bank	S. S. Mallikarjuna Rao (MD & CEO)	New Delhi

4 views Answered 2022-09-04 04:29

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