Case Brief
What Happened
The Reserve Bank of India extended the validity of the existing All-Inclusive Directions imposed on Punjab and Maharashtra Cooperative Bank Limited, Mumbai, Maharashtra, a multi-state urban cooperative bank. The bank had originally been placed under these directions from close of business on September 23, 2019, and the order had previously been extended up to June 30, 2021. The current release extends the same directions for a further period from July 1, 2021 to December 31, 2021, while keeping all other terms and conditions unchanged.