Digital Goa, July 30 : RBI has extended curbs on Madgaum Urban Co-operative Bank Ltd., Margao, Goa for another 4 months. In an order issued yesterday, Reserve Bank of India has said that the curbs shall continue to apply to the bank for a further period of four months from August 3, 2020 to December 2, 2020 . The bank was placed under directions vide directive dated April 26, 2019 from the close of business on May 02, 2019 for a period of six months. The validity of the above directions was extended from time to time, the last being vide Directive dated April 24, 2020 up to August 02, 2020. All other terms and conditions of the Directives under reference shall remain unchanged, the order adds.
from Digital Goa
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