Case Brief
The Reserve Bank of India extended the existing Directions applicable to Rupee Co-operative Bank Ltd., Pune, Maharashtra, which had originally been placed under Directions from the close of business on February 22, 2013. The last validity had run up to November 30, 2020, and the fresh notification continued the same Directions till February 28, 2021, subject to review. RBI stated that all other terms and conditions remain unchanged and noted that the extension should not be construed as satisfaction with the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Pune, Maharashtra
- Order Date