The Reserve Bank of India has extended the All-Inclusive Directions to Millath Co-operative Bank Limited, Davangere, Karnataka for a further period of three months from November 8, 2021 to February 7, 2022, subject to review.
The UCB was first placed under direction in April 26, 2019, as modified from time to time, which were last extended up to November 07, 2021.
In a release RBI said “The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive on the Bank.”
Other terms and conditions of the Directives under reference shall remain unchanged.