Case Brief
Based on the title alone, RBI has continued the existing regulatory directions for Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru by extending their period under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The release does not provide the underlying conduct, the original restrictions, or any revised conditions, but the action remains an active business restriction on the bank.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Bengaluru, Karnataka
- Order Date