Reserve Bank of India vide directive DCBS.CO.BSD-I./D-9/12.22.111/2016-17 dated March 30, 2017 had positioned The Kapol Cooperative Bank Ltd Mumbai, Maharashtra underneath Directions from the shut of business on March 30, 2017 for a interval of six months. The validity of the instructions was prolonged from time-to-time, the final being as much as October 31, 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 underneath 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 31, 2023 as per the directive DOR.MON.D-36/12.22.111/2022-23 dated October 18, 2022, topic to assessment. 3. All different phrases and circumstances of the Directives underneath reference shall stay unchanged. A replica of the directive dated October 18, 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 indicate that Reserve Bank of India is glad with the monetary place of the financial institution. (Yogesh Dayal) Press Release: 2022-2023/1087 |