Case Brief
The Reserve Bank of India has extended the existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against National Urban Co-operative Bank Ltd., Pratapgarh, Uttar Pradesh. The original directive dated April 15, 2024 had been valid up to October 15, 2024; RBI has now extended it by three months, until the close of business on January 15, 2025. The release says the directive remains otherwise unchanged and is subject to review.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Pratapgarh, Uttar Pradesh
- Order Date