Case Brief
The Central Government, acting on the Reserve Bank of India's recommendation, extended the existing moratorium in respect of The Benaras State Bank Ltd. The notification, issued on April 19, 2002, partially modified the earlier January 22, 2002 notification and continued the moratorium for a further period up to and inclusive of July 21, 2002. This is an extension of an already adverse restriction, not a fresh penalty or withdrawal.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Bank
- Location
- Varanasi, Uttar Pradesh
- Order Date