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Govt. exempts primary co-operative banks from submitting financials and audit report to RBI till Dec 31, 2020

September 30, 2020
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Central Government, on the recommendation of the RBI has declared that the provisions of section 31 read with clause (t) of section 56 of the said Act shall not apply to primary co-operative banks till 31st December, 2020. Section 31 of the banking regulation Act, 1949 requires publishing and submission of accounts and balance sheet together with audit report to RBI within 3 months of the end of period to which they refer.
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