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Question : On which of the following banks did the Reserve Bank of India impose a moratorium in March 2020?

Option 1: IDFC First Bank

Option 2: Dhanlakshmi Bank

Option 3: Bandhan Bank

Option 4: Yes Bank


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Team Careers360 15th Jan, 2024
Answer (1)
Team Careers360 16th Jan, 2024

Correct Answer: Yes Bank


Solution : The correct option is Yes Bank .

In March 2020, the Reserve Bank of India (RBI) imposed a moratorium on Yes Bank. The moratorium was imposed due to concerns about the bank's financial stability and liquidity issues. During the moratorium, the RBI took over the management of Yes Bank to protect the interests of depositors and maintain the stability of the banking system. The restrictions on Yes Bank were lifted after a reconstruction plan was put in place involving a consortium of banks investing in the troubled bank.

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