Case Brief
The Reserve Bank of India extended the operation of its earlier directions dated April 2, 2019 issued to The Mudhol Co-operative Bank Limited, Mudhol, District Bagalkot, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The extension is for six months from October 8, 2019 to April 7, 2020. RBI states that the other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Mudhol, Karnataka
- Order Date