The Reserve Bank of India, in exercise of powers vested in it has extended the directions on Vaish Co-operative Commercial Bank Ltd for next three months.
The UCB will be under the Directive for a further period of three months from July 09, 2018 to October 08, 2018 subject to review, reads an RBI release.
The first time the Directive was issued to the Vaish Co-operative Commercial Bank Ltd., New Delhi was on August 28,2015. It has been modified from time to time.
The last directive had ended on July 8 and it has been extended for three months after due study of the situation by the regulator.