Case Brief
What Happened
The Reserve Bank of India has extended the period of operation of its existing All-Inclusive Directions issued to Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directions, issued on February 21, 2019, had already been extended earlier and now continue for a further six months from September 1, 2020 to February 28, 2021, with all other terms and conditions remaining unchanged.