Sikar Urban Co-operative Bank which was placed under All-Inclusive Directions from close of business on November 09, 2018 for a period of six months would continue to do so, says a press release.
The validity of Direction shall continue to apply to the bank for a further period of three months from March 10, 2021 to June 09, 2021, vide Directive dated March 09, 2021, subject to review.
All the other terms and conditions of the Directive under reference shall remain unchanged. A copy of the above Directive dated March 09, 2021 notifying the extension is displayed at the bank’s premises for the perusal of public.
The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.