Case Brief
The Reserve Bank of India has extended the period of operation of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Durga Co-operative Urban Bank Ltd., Vijayawada. The directive, originally issued on July 28, 2022 and last extended up to October 29, 2023, will now remain in force from October 30, 2023 to January 29, 2024, subject to review. No other terms were changed.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Vijayawada, Andhra Pradesh
- Order Date