Reserve Bank of India had, in the public interest, issued Directions to The Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers vested in it.
RBI issued the Direction to be operative from the close of business on March 25, 2019.
In a press release the regulator said “The Directions are now partially modified.”
A copy of the modified Directive is displayed at Head Office, branches and all other business premises of the bank.