Case Brief
The Reserve Bank of India notified an extension of the validity period of directions imposed on Shri Shivaji Sahakari Bank Ltd., Gadhinjlaj, Kolhapur, Maharashtra. The earlier directions dated October 24, 2011 were extended via modified directive dated October 17, 2013 for six months, from October 25, 2013 to April 24, 2014. RBI said all other terms and conditions remain unchanged and noted that the modification should not be taken to mean the bank’s financial position has substantively improved.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Gadhinjlaj, Maharastra
- Order Date