Case Brief
The Reserve Bank of India has extended the validity of its existing directions issued to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala under section 35A read with section 56 of the Banking Regulation Act, 1949 (AACS). The directions, originally issued on November 02, 2018 and previously extended up to September 09, 2022, will now continue from September 10, 2022 to December 09, 2022, subject to review. The release states that all other terms and conditions remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Adoor, Kerala
- Order Date