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The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-5/12.22.039/2017-18 dated April 17, 2018, had positioned The City Co-operative Bank Ltd, Mumbai beneath Directions from the shut of business on April 17, 2018. The validity of the instructions was prolonged from time-to-time, the final being as much as October 16, 2022. 2. It is hereby notified for the knowledge of the general public that, the Reserve Bank of India, in train of powers vested in it beneath sub-part (1) of Section 35 A learn with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall proceed to use to the financial institution until January 16, 2023 as per the directive DOR.MON.D-35/12.22.039/2022-23 dated October 13, 2022, topic to assessment. 3. All different phrases and situations of the Directives beneath reference shall stay unchanged. A duplicate of the directive dated October 13, 2022 notifying the above extension is displayed on the financial institution’s premises for the perusal of public. 4. The aforesaid extension and /or modification by the Reserve Bank of India shouldn’t per-se be construed to suggest that Reserve Bank of India is glad with the monetary place of the financial institution. (Yogesh Dayal) Press Release: 2022-2023/1039 |
