Case Brief
RBI has continued the directions already imposed on Shree Ganesh Sahakari Bank Ltd., Nashik, extending their validity for a further six months from the close of business on September 30, 2014. The earlier directive dated April 01, 2013 had already been extended up to September 30, 2014, and the September 17, 2014 order keeps the same terms and conditions unchanged. RBI also clarified that the extension 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
- Nashik, Maharashtra
- Order Date