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RBI extends period of directions on Ahmedabad Municipal Bk

The period of Directions imposed which was expiring on August 14, 2013, has since been further extended by six months

August 27, 2013 10:12 IST | India Infoline News Service
The Reserve Bank of India (RBI) on Monday has extended the period of directions imposed on Ahmedabad-based Municipal Co-operative Bank for six months.

The RBI had first imposed its direction on the bank on February 8, 2010, effective from close of business on February 15, 2010.

The period of Directions imposed which was expiring on August 14, 2013, has since been further extended by six months i.e. up to February 14, 2014.

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