Published on 19/07/2019 3:15:22 PM | Source: Dion Global Solutions Ltd

RBI modifies directions for Hindu Co-operative Bank Ltd

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The Reserve Bank of India said in a press release that it had, in the public interest, issued Directions to The Hindu Co-operative Bank Limited, Pathankot, Punjab in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, from the close of business on March 25, 2019. The RBI stated that the Directions are now partially modified. A copy of the modified Directive is displayed at Head Office/ branches/ all other business premises of the bank.