Case Brief
The Reserve Bank of India extended the period of operation of the existing All Inclusive Directions issued to Millath Co-operative Bank Ltd., Devangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directive, originally dated April 26, 2019 and last extended up to May 7, 2020, was continued from May 8, 2020 to November 7, 2020, subject to review. All other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Devangere, Karnataka
- Order Date