Case Brief
The Reserve Bank of India extended the period of operation of the existing directive issued to Sri Bharathi Co-operative Urban Bank Ltd., Hyderabad, Telangana under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The validity was further extended for three months from January 03, 2020 to April 02, 2020, subject to review, and all other terms and conditions remained unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Hyderabad, Telangana
- Order Date