RBI Grade B Officers 2017 jun Paper

(4) The government has barredcooperative banks from acceptingdeposits under thePradhan Mantri Garib KalyanYojana (PMGKY) scheme 2016.According to the RBI notificationof 16 December 2016, depositscan be received by anybanking company, other thanCo-operative Banks, to whichthe Banking Regulation Act,1949 (10 of 1949) applies.