Case Brief
The Reserve Bank of India notified an extension of the validity period of its earlier directions imposed on Shri Shivaji Sahakari Bank Ltd., Gadhinglaj, Dist. Kolhapur, Maharashtra. The modified directive extended the order from October 25, 2012 to April 24, 2013, while leaving all other terms and conditions unchanged. RBI also clarified that the modification should not be read as indicating substantive improvement in the bank’s financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Gadhinglaj, Maharashtra
- Order Date