The Reserve Bank of India has extended the Direction on The City Co-operative Bank Ltd, Mumbai from April 16 to July 16, 2022.
The UCB was first placed under Directions from the close of business on April 17, 2018. The validity of the directions was extended from time-to-time, the last being up to April 16, 2022.
All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated April 12, 2022 notifying the above extension is displayed at the bank’s premises for the perusal of the 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.
