Case Brief
RBI has extended the directions issued to HCBL Co-operative Bank Ltd., Lucknow under Section 35A of the Banking Regulation Act, 1949 (AACS). The extension is for six months from October 16, 2017 to April 15, 2018, subject to review, and the directive's other terms and conditions remain unchanged. The release states that the modification should not be construed as an improvement or deterioration in the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Lucknow, Uttar Pradesh
- Order Date