Case Brief
The Reserve Bank of India extended the validity period of the directions previously imposed on United Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh. The modified directive extends the existing order for six months, from June 1, 2014 to November 30, 2014, subject to review. The release states that all other terms and conditions remain unchanged, indicating this is a continuation of the earlier restriction rather than a fresh new measure.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Kanpur, Uttar Pradesh
- Order Date