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Home Co-op News Snippets

No respite for Kanpur based People’s Co-op Bank

Staff Reporter by Staff Reporter
March 14, 2022
in Co-op News Snippets
0
Mantha UCB’s licence cancelled; DICGC sanctions Rs 40 cr for 99% depositors
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The Reserve Bank of India (RBI) has extended the directions issued to the People’s Co-operative Bank Limited, Kanpur (U.P) for a further period of one month from March 11, 2022 to April 10, 2022, subject to review.

The bank has been under direction since June 10, 2020. The validity of the directive, which was last extended up to March 10, 2022.

A copy of the directive order dated March 10, 2022 is displayed at the bank’s premises for the perusal of the public.

Tags: cooperativeDirectionKanpurUttar Pradesh
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