Case Brief
The Reserve Bank of India reviewed the financial position of Kerala Mercantile Co-operative Bank Ltd., Kozhikode, Kerala and decided, in public interest, to extend the existing directions originally issued on May 29, 2019 under Section 35A read with Section 56 of the BR Act (AACS), 1949. The directive was continued unchanged for a further six months, from December 05, 2019 to June 04, 2020, subject to review.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Kozhikode, Kerala
- Order Date