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The Reserve Bank of India issued Directions to The Adoor Co-operative Urban Bank Ltd, Adoor, Kerala beneath part 35A learn with part 56 of the Banking Regulation Act, 1949 (AACS), vide Directive DCBS.CO.PCC D-4/12.26.004/2018-19 dated November 02, 2018, from shut of business on November 09, 2018, for a interval of six months, which have been prolonged every so often, final being as much as September 09, 2022 vide the Directive DOR.MON/D-15/12.26.004/2022-23 dated May 31, 2022. The Reserve Bank of India is glad that within the public curiosity, it’s essential to increase the interval of operation of the aforesaid Directions. Accordingly, vide the Directive DOR. MON/D-29/12.26.004/2022-23 dated September 05, 2022, in train of powers vested in it beneath sub-part (1) of part 35A learn with part 56 of the Banking Regulation Act, 1949, the Reserve Bank of India has directed that the Directive DCBS.CO.PCC.D-4/12.26.004/2018-19 dated November 02, 2018, issued to The Adoor Co-operative Urban Bank Limited, Adoor, Kerala, the validity of which was final prolonged as much as September 09, 2022, shall proceed to use to the financial institution for an additional interval of three months, from September 10, 2022 to December 09, 2022, topic to assessment. Other phrases and situations of the Directive beneath reference, as modified every so often, shall stay unchanged. (Yogesh Dayal) Press Release: 2022-2023/829 |
