Trouble continues for Gokul Co-op Urban Bank

The Reserve Bank of India, in exercise of the powers vested in it under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) has directed that the Directives issued to Gokul Co-operative Urban Bank Ltd., Secunderabad from the close of business on April 04, 2017 shall continue to apply to the bank for a further period upto June 30, 2017 subject to review.

Other terms and conditions of the Directive under reference shall remain unchanged.

A copy of this Directive dated March 24, 2017 is displayed at the bank’s premises for the perusal of members of public.

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