Reserve Bank of India has withdrawn with effect from April 05, 2021, All Inclusive Directions issued to Youth Development Co-operative Bank Limited, Kolhapur, Maharashtra.
In a press release the regulator says that on being satisfied that in the public interest it is necessary to do so.
It was in January, 2019 when the UCB was placed t under Directions for a period of six months. The validity of the directions was extended from time-to-time, the last being up to April 05, 2021.