Case Brief
The Reserve Bank of India extended the period of operation of the existing Directions issued to The Mapusa Urban Co-Operative Bank of Goa Ltd., Goa under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directive, which had previously been extended up to February 18, 2020, was continued for a further two months from February 19, 2020 to April 18, 2020, subject to review. RBI also stated that all other terms and conditions of the directives remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Goa, Goa
- Order Date