RBI extends restrictions on Punjab-based Hindu Co-operative Bank

Zee News RBI had first imposed the restrictions with effect from the close of business on March 25, 2019, under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949(AACS), in the public interest in view of the weakened financial condition of the bank. https://ift.tt/eA8V8J June 25, 2021 at 05:43PM RBI had first imposed the restrictions with effect from the close of business on March 25, 2019, under Sub-Section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949(AACS), in the public interest in view of the weakened financial condition of the bank.

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