Case Brief
The Reserve Bank of India has extended the period of operation of its earlier 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 original directions, issued on November 02, 2018 and earlier extended from time to time, were last valid up to April 09, 2023. RBI has now continued the same directions for a further one month, from April 10, 2023 to May 09, 2023, subject to review, while keeping all other terms and conditions unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Adoor, Kerala
- Order Date