Case Brief
The Reserve Bank of India has extended the period of operation of its earlier All-Inclusive Directions issued to The Mudhol Co-Operative Bank Limited under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directions, originally issued on April 2, 2019 and previously extended up to July 07, 2021, will now continue from July 08, 2021 to January 07, 2022, subject to review. No other terms and conditions were changed.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Karnataka
- Order Date