Case Brief
What Happened
The Reserve Bank of India has extended the validity of the existing All Inclusive Directions applicable to The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka. These directions were originally issued on April 02, 2019 under Section 35A read with Section 56 of the Banking Regulation Act, 1949, and had previously been extended up to April 07, 2022. The latest order continues the same directive for a further three months, from April 08, 2022 to July 06, 2022, with all other terms and conditions unchanged.