The Reserve Bank of India has extended the All-Inclusive Directions on Millath Co-operative Bank Limited, Davangere, Karnataka for a period of three months, subject to review.
The UCB’s direction ended on 7th Feb. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive, says RBI.
The UCB was first placed under Direction on April 26, 2019, which was modified from time to time and which were last extended up to February 07, 2022.
Other terms and conditions of the Directives under reference shall remain unchanged., clarifies RBI.
