SITE MAP     CONTACT US     DISCLAIMER  
   About Us     Useful Information     FAQs     Financial Education     Complaints   Other Links   Extra Curricular
Search
Period
From  
To  
Archives
   
Home >> PressReleases - Display
Note : To obtain an aligned printout please download the (292.00 kb ) version to your machine and then use respective software to print the story.
Date: 18/11/2019
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Mapusa Urban Co-operative Bank of Goa Ltd. – Extension of Period of Directions

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Mapusa Urban Co-Operative Bank of Goa Ltd., Goa vide Directive DCBS.CO.BSD-I No.D-06/12.22.156/2015-16 dated July 24, 2015, as modified from time to time, last being vide Directive DCBR.CO. AID/D-08/12.22.156/2019-20 dated August 13, 2019 which extended the Directions upto November 18, 2019.

The Reserve Bank of India is satisfied that in the public interest, it is necessary to extend the period of operation of the Directive DCBS.CO.BSD-I No.D-06/12.22.156/2015-16 dated July 24, 2015 issued to Mapusa Urban Co-Operative Bank of Goa Ltd., Goa, as modified from time to time for a further period of three months. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive No.DCBS.CO.BSD-I No.D-06/12.22. 156/2015-16 dated July 24, 2015 issued to Mapusa Urban Co-Operative Bank of Goa Ltd., Goa, as modified from time to time, the validity of which was last extended up to November 18, 2019, shall continue to apply to the bank for a further period of three months from November 19, 2019 to February 18, 2020 subject to review.

Other terms and conditions of the Directives under references as modified from time to time shall remain unchanged.

(Yogesh Dayal)      
Chief General Manager

Press Release: 2019-2020/1211

 
  © Reserve Bank of India. All Rights Reserved.

Best viewed in 1024x768 resolution in IE 5 and above.