Reserve Bank of India had, in the public interest, issued Directions to Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, (AACS).
The Directions were first issued from the close of business on March 25, 2019. The Directions are now extended with certain modifications and would be applicable till March 24, 2020.
A copy of the Extended Directive is displayed at Head Office/ branches/ all other business premises of the bank.