Case Brief
The Reserve Bank of India extended the existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Durga Co-operative Urban Bank Ltd., Vijayawada. The directive, originally issued on July 28, 2022 and last extended up to July 29, 2023, is now continued for a further period from July 30, 2023 to October 29, 2023, subject to review. The release states that all other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Vijayawada
- Order Date