BANKING

In an order, the central bank said the directive issued by it on October 26, 2018 "shall continue to apply to the bank for a further period of six months from April 30, 2020 to October 31, 2020". It also added that extension and/or modification "should not per-se be construed" to imply that Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank.

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