Case Brief
RBI, acting under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies), extended the directives previously issued to Gokul Co-operative Urban Bank Ltd., Secunderabad. The directions that took effect from the close of business on April 04, 2017 will continue to apply up to June 30, 2017, subject to review, and all other terms and conditions remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Secunderabad
- Order Date