Case Brief
What Happened
The Reserve Bank of India extended the validity of its existing directions issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directions, originally issued on January 02, 2020 and last modified on July 06, 2021, were continued for a further period of four months from January 11, 2022 to May 10, 2022, subject to review. The release states that all other terms and conditions of the directions remain unchanged.