Case Brief
What Happened
The Reserve Bank of India extended the directions already issued to Brahmawart Commercial Co-operative Bank Ltd., Kanpur, Uttar Pradesh, for another six months, from July 07, 2016 to January 06, 2017, subject to review. The bank has been under Section 35A directions since July 07, 2015, and the release notes that the earlier directive had been modified and its validity extended previously. No new operational terms are described in the press release; the existing conditions continue unchanged.