Case Brief
What Happened
The Reserve Bank of India extended the validity of its existing All-Inclusive Directions for Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The directive, originally issued on October 26, 2018 and last extended up to March 09, 2023, was continued from March 10, 2023 to June 09, 2023, subject to review. The press release states that all other terms and conditions remain unchanged and clarifies that the extension should not be construed as satisfaction with the bank’s financial position.