Case Brief
What Happened
The Reserve Bank of India has extended the validity of the All-Inclusive Directions previously issued to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The original directive dated October 26, 2018 had last been extended up to close of business on September 09, 2024, and is now continued for a further three months until close of business on December 09, 2024. The release states that all other terms and conditions remain unchanged and that the extension should not be construed as RBI satisfaction with the bank’s financial position.