The Reserve Bank of India has extended All Inclusive Directions to Millath Co-operative Bank Limited, Davangere, Karnataka for a further period of two months from May 8, 2022 to July 7, 2022, subject to review.
The UCB was placed under direction dated April 26, 2019, which was modified from time to time and last extended up to May 07, 2022. The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Direction.
Other terms and conditions of the Directives under reference shall remain unchanged.