Case Brief
The Reserve Bank of India extended the existing directions issued to Mahamedha Urban Co-operative Bank Ltd., Ghaziabad, Uttar Pradesh. The extension runs from July 30, 2017 to August 29, 2017 and is subject to review. The bank had already been under Section 35A directions since July 29, 2016, and the press release says 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
- Ghaziabad, Uttar Pradesh
- Order Date