The Reserve Bank of India is satisfied that in the interest of the public, it is necessary to extend the validity of the Directives issued to Gokul Co-operative Urban Bank Ltd., Secunderabad, for a further period of six months. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) has directed that the Directives issued to Gokul Co-operative Urban Bank Ltd., Secunderabad from the close of business on April 04, 2016 shall continue to apply to the bank for a further period of six months upto April 04, 2017 subject to review.

Other terms and conditions of the directive under reference shall remain unchanged.

A copy of the Directive dated September 30, 2016 is displayed at the bank’s premises for the perusal of public.

Ajit Prasad
Assistant Adviser

Press Release: 2016-2017/865