RBI Imposes Curbs on Mudhol Co-operative Bank Limited [Read Official Press Release]

RBI Imposes Curbs on Mudhol Co-operative Bank Limited [Read Official Press Release] The Reserve Bank of India issued All-Inclusive Directions to The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka, pursuant to Section 35 A read with Section 56 of the Banking Regulation Act, 1949, via Directive DCBS.CO.BSD III.D-11/12.23.094/2018-19 dated April 02, 2019, as modified from time to time, which were last extended until April 07, 2022 via Directive DOR.MON.No.D-58/12.23 2. The Reserve Bank of India is satisfied that, in the public interest, the Directive DCBS.CO.BSD-III.D-11/12.23.094/ 2018-19 dated April 02, 2019 issued to The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka, and as modified from time to time, the most recent being Directive DOR.MON.No.D-58/12.23.094/2020-21 dated January 06, 2022, should be extended. As a result, the Reserve Bank of India, in the exercise of the powers conferred on it by sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DCBS.CO.BSD 111.D-11/12.23.094/2018-19 dated April 02, 2019, issued to The Mudhol Co-operative Bank Limited, Dist.- Bagalkot, Karnataka, as modified from time to time, and whose validity was last extended The Directives under reference's other terms and conditions will remain unaltered. To Read the Official Press Release Download the PDF Given Below: