Case Brief
The Reserve Bank of India extended the validity of the directives already issued to Gokul Co-operative Urban Bank Ltd., Secunderabad under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies). The directions, originally applicable from the close of business on April 04, 2016, were continued for a further period of six months up to April 04, 2017, subject to review, with no change to the existing terms and conditions.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Secunderabad
- Order Date