The Reserve Bank of India has extended the Directions to Millath Co-operative Bank Ltd., Devangere, Karnataka for a further period of six months from May 8, 2020 to November 07, 2020, subject to review.
The UCB was first placed under Direction November 5, 2019., the validity of which was extended upto May 07, 2020 earlier.
Other terms and conditions of the Directives under reference shall remain unchanged, RBI clarified.
