RBI has put restriction of not to carry out any business for six months on which cooperative bank?
Answer: A
The Reserve Bank of India has ordered Punjab and Maharashtra Co-operative (PMC) Bank not to do any business for six months and capped depositor withdrawals at Rs 1,000 which has been enhanced to Rs 40,000, throwing the lives of thousands of traders, self-employed and daily wage earners into disarray. The regulator has also appointed an administrator for the bank