2018 · Q75
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?
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- APunjab National Bank
- BDena Bank
- CCentral Bank of India
- DBandhan Bank
Explanation
In May 2018 the RBI placed Dena Bank under the Prompt Corrective Action (PCA) framework, barring it from fresh lending and new staff recruitment on account of high NPAs and weak capital. Punjab National Bank, Central Bank of India and Bandhan Bank faced no such restrictions at that time. Hence Dena Bank.