Case Brief
What Happened
The Reserve Bank of India has extended the validity of its existing 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 directive, which had already been extended up to August 31, 2021, will now remain in force for a further six months from September 1, 2021 to February 28, 2022, subject to review. The press release makes clear that all other terms and conditions remain unchanged.