Which of the following statement(s) is/are correct about the RBI Clampdown on Punjab and Maharashtra Co-operative (PMC)? 1. The RBI has imposed restrictions on Punjab and Maharashtra Cooperative Bank Limited, and depositors will be not be allowed to withdraw over 1,000 from the bank. 2. PMC also without prior approval in writing from the RBI, will not be able to grant or renew any loans and advances. 3. The Directions were issued under Section 35A of the Banking Regulation Act, 1949 and shall remain in force for a period of six months. Select the correct answer using the codes given below: - Study24x7
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UPSC & State PSC
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Which of the following statement(s) is/are correct about the RBI Clampdown on Punjab and Maharashtra Co-operative (PMC)? 1. The RBI has imposed restrictions on Punjab and Maharashtra Cooperative Bank Limited, and depositors will be not be allowed to withdraw over 1,000 from the ...

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A

1 and 2 only

B

1 and 3 only

C

2 and 3 only

D

1, 2 and 3

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