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Home Co-op News Snippets

No respite for Millath Co-op Bank

Staff Reporter by Staff Reporter
August 9, 2021
in Co-op News Snippets
0
RBI issues circular on outsourcing; cautions against risks
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The Reserve Bank of India extended the direction on Karnataka based Millath Co-operative Bank for a further period of three months from August 8, 2021 to November 7, 2021, subject to review.

The UCB was issued All Inclusive Directions dated April 26, 2019, as modified from time to time, which were last extended up to August 07, 2021.

 Other terms and conditions of the Directives under reference shall remain unchanged.

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