Case Brief
The Reserve Bank of India has extended the validity of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka. The directions, originally issued on February 21, 2019 and previously extended up to February 28, 2021, will now continue to apply for a further six months from March 01, 2021 to August 31, 2021, subject to review. The release specifies that the other terms and conditions of the directives remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Bidar, Karnataka
- Order Date