Case Brief
The Reserve Bank of India extended the validity of the directions issued to Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh, for a further period of four months from March 07, 2018 to July 06, 2018, subject to review. The bank had already been under Section 35A directions since July 07, 2015, and the release says the earlier directive was previously modified and extended several times. The RBI notes that the other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Kanpur, Uttar Pradesh
- Order Date