alleryStart learning →RBI may revoke an authorisation under s.10(3) on the ground that it is
AIn public interest
BUnpopular with banks
CCostly to administer
DRarely used by banks
Answer & Solution
Correct answer: A. In public interest
Section 10(3)(a) allows revocation if RBI is satisfied that it is in public interest, or under (b) for breach of conditions.
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