Case Brief
The Reserve Bank of India extended the directions issued to Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh for a further four months, from November 07, 2017 to March 06, 2018, subject to review. The bank had been under Section 35A directions since July 07, 2015, and the release notes that the directive had already been extended earlier up to March 06, 2018. No new penalty is mentioned; this is a continuation of the existing regulatory restriction.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Kanpur, Uttar Pradesh
- Order Date