Case Brief
The Reserve Bank of India extended the existing directions imposed on The Kapol Co-operative Bank Ltd., Mumbai, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The bank had originally been placed under directions on March 30, 2017, and the latest order continues those directions till October 31, 2021, subject to review, with all other terms and conditions unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Mumbai, Maharashtra
- Order Date