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 The National Co-operative Bank Ltd., Bangalore. The original directive, dated July 24, 2023, had run for six months up to close of business on January 24, 2024; this release continues it for a further three months until close of business on April 24, 2024, with all other terms and conditions unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Bangalore
- Order Date