Case Brief
What Happened
RBI has extended the directions already in force against People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh). The bank had been under Section 35A directions since June 10, 2020, and the latest order continues the same restrictions for three more months, from September 11, 2021 to December 10, 2021, subject to review. The press release does not state the underlying reasons for the original directions, only that a copy of the renewed directive is displayed at the bank’s premises for public perusal.