Reserve Bank of India – Press Releases

0
177


The Reserve Bank of India issued Directions to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka underneath Section 35A learn with Section 56 of the Banking Regulation Act, 1949 vide Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, the validity of which was prolonged infrequently, final been vide Directive DOR.MON/D-07/12.23.283/2022-23 dated May 09, 2022 as much as November 10, 2022.

2. The Reserve Bank of India is happy that within the public curiosity, it’s essential to increase the interval of operation of the Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka, and as final modified vide Directive DOR.MON/D-07/12.23.283/2022-23 dated May 09, 2022. Accordingly, the Reserve Bank of India, in train of powers vested in it underneath sub-part (1) of Section 35A learn with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020 issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka, as modified vide Directive DOR.MON/D-07/12.23.283/2022-23 dated May 09, 2022, the validity of which was as much as November 10, 2022, shall proceed to use to the financial institution for an extra interval of three months from November 11, 2022 to February 10, 2023, topic to assessment.

3. Other phrases and situations of the Directives underneath reference shall stay unchanged.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/1179



Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here