RBI extends restrictions on Punjab-based Hindu Co-operative Bank
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RBI has extended the restrictions on Hindu Co-operative Bank Limited, based out of Pathankot, Punjab, in terms of withdrawal and deposit limits along with grant of loans, till September 24, 2021. 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.