The Reserve Bank of India has extended the Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka for a further period of six months from January 11, 2021 to July 10, 2021, subject to review.
Other terms and conditions of the Directives under reference shall remain unchanged.
The Bangalore based UCB was first put under Directive on January 02, 2020, the validity of which was extended from time to time, last being January 10, 2021.
The news of the so-called successful UCB going the wrong way, has agitated the depositors no end and they have launched a campaign for the realization of their money.
