The Reserve Bank of India’s Direction on Adoor Co-operative Urban Bank has been extended for a further period of three months, from June 10, 2021 to September 09, 2021, subject to review.
The UCB which is based in Adoor in Kerala. Other terms and conditions of the Directive under reference, as modified from time to time, shall remain unchanged.
The UCB was first placed under direction through a notification from close of business on November 09, 2018 for a period of six months, which were extended from time to time, last being up to June 09, 2021.