Case Brief
RBI notified an extension of the validity period of directions already imposed on Shri Siddhivinayak Nagari Sahakari Bank Ltd., Rasayani, Dist. Raigad, Maharashtra. The original directive dated September 29, 2011 was modified on March 20, 2013, and the modified directions were extended for six months from March 29, 2013 to September 28, 2013. No other terms or conditions were changed, and RBI clarified that the extension should not be taken to mean it was satisfied with any substantive improvement in the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Rasayani, Maharashtra
- Order Date