The Reserve Bank of India has extended the period of directions on Kerala based Thodupuzha Urban Cooperative Bank for a further period of three months i.e. from 24th August 2023 to 23rd November 2023, subject to review.
A press release issued by RBI reads, “The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the aforesaid Directions”.
“Other terms and conditions of the Directive under reference, as modified from time to time, shall remain unchanged”, it further added.