The period of Directions imposed on Ahmedabad based Municipal Co-operative Bank has been extended.
The apex bank had first imposed its direction on the bank on February 8, 2010, effective from close of business on February 15, 2010.
The period of Directions imposed which was expiring on August 14, 2013, has since been further extended by six months i.e. up to February 14, 2014.
The detailed modified Directive is displayed on the bank’s premises for interested members of the public to persue, reads RBI press release.