Case Brief
The Reserve Bank of India has extended the directions already applicable to Hardoi Urban Co-operative Bank Ltd., Hardoi, Uttar Pradesh, for two more months, from July 30, 2017 to September 29, 2017, subject to review. These directions were originally issued under Section 35A of the Banking Regulation Act, 1949 (AACS) and had already been extended earlier. The press release clarifies that the modification should not be read as an improvement or deterioration in the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Hardoi, Uttar Pradesh
- Order Date