Case Brief
What Happened
The Reserve Bank of India has extended the validity of the existing All-Inclusive Directions issued to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The directive dated October 26, 2018, which had last been extended up to September 09, 2021, will now continue unchanged for three more months, from September 10, 2021 to December 09, 2021, subject to review. The release makes clear that all other terms and conditions of the original directive remain unchanged and that the extension should not be construed as RBI being satisfied with the bank’s financial position.