"Accordingly, it is hereby notified for the information of the public that the validity of the aforesaid directive dated September 23, 2019, as modified from time to time, has been extended for a further period from July 1, 2021 to December 31, 2021, subject to review," it added.
The PMC Bank had received binding offers from certain investors for its reconstruction, in response to the EOI dated November 3, 2020 floated by the bank.
The decision by the central bank comes at a time when the central bank is in process of restructuring the bank.
Yesterday, Sanjay Raut had said that the central agencies were being used to ‘destabilise’ the Uddhav Thackeray-led government in Maharashtra.
Varsha Raut has been asked to appear before the federal agency in Mumbai. This is the third summons issued to her after she skipped the earlier two on health grounds, they said.
Das made the statement while he was delivering a keynote at the 7th State Bank of India Banking and Economics conclave.
On September 23, last year, the RBI had placed regulatory curbs on the PMC Bank, Mumbai after it came across certain financial irregularities.
The meteoric rise of Yes Bank has been as spectacular as its fall. After getting the banking licence from the RBI in 2004, it raised Rs 355 crore through an IPO in 2005 which was oversubscribed 30 times. Its share price at listing was only Rs 45, which ultimately peaked to over Rs 400 in August 2018, to plummet to only Rs 25 now.
Withdrawals from the bank have been capped at Rs 50,000 per depositor with few exceptions till April 3.
The Bombay High Court had recently, in an order, allowed the plea of HDIL directors -- Rakesh Wadhawan and Sarang Wadhawan -- to shift them from Arthur Road jail to their residence to enable them to sale their assets.
