Case Brief
What Happened
RBI notified that the directions first imposed on Rupee Co-operative Bank Ltd., Pune on February 21, 2013 and last extended up to August 31, 2019 would continue for a further period of three months, from September 01, 2019 to November 30, 2019, subject to review. The release states that all other terms and conditions of the directives remain unchanged and that the extension should not be taken to mean RBI is satisfied with any substantive improvement in the bank's financial position.