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Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) Kolikata Mahila Co-operative Bank Limited, Kolkata - Extension of Period of Directions Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata - 700012, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the cl
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FAQ :
The directions issued to Kolikata Mahila Co-operative Bank Limited have been extended until April 09, 2021.
The Reserve Bank of India has extended the directions in the public interest.
No, the issue of these directions should not be construed as a cancellation of the banking licence.
Yes, the bank will continue to undertake banking business with restrictions until its financial position improves.
The original directions were issued from the close of business on July 09, 2019.
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