Case Brief
RBI notified that the validity period of the directions imposed on United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh under Section 35A of the Banking Regulation Act, 1949 (AACS) was extended further by a directive dated November 27, 2013. The extension is for six months, from December 01, 2013 to May 31, 2014. The release makes clear that all terms and conditions other than the validity period remain unchanged, so this is a continuation of the existing restriction rather than a fresh substantive action.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Kanpur, Uttar Pradesh
- Order Date