The Reserve Bank of India thinks it necessary to extend the period of operation of the Directive to the Mudhol Co-Operative Bank, Bagalkot, Karnataka for a further period of six months from October 8, 2020 to April 7, 2021, subject to review, reads a press release.
The Reserve Bank of India had for the first time issued All Inclusive Directions to the UCB on April 2, 2019 which was modified from time to time.
Other terms and conditions of the Directives under reference shall remain unchanged.