Rupee Cooperative Bank gets RBI extension

Rupee Cooperative Bank gets RBI extension

Rupee has submitted various options for resolution of the bank, which include an exploratory proposal for merger. The RBI has given an undertaking in the Bombay High Court to take an appropriate decision before December 31 with respect to the resolution of the bank, Sudhir Pandit, administrator of the bank, said.
Check the source here –Source, Financial Express.