Case Brief
The Reserve Bank of India has extended the existing Section 35A directions applicable to HCBL Co-operative Bank Ltd., Lucknow. The extension runs from April 16, 2017 to October 15, 2017, subject to review, and the release states that all other terms and conditions of the directive remain unchanged. The bank had originally been placed under directions on April 16, 2015, and the order had already been modified and extended previously.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Lucknow, Uttar Pradesh
- Order Date