Case Brief
RBI notified that the directions earlier imposed on Lokseva Sahakari Bank Ltd., Pune, Maharashtra will continue for a further six-month period from November 20, 2014 to May 19, 2015, subject to review. The release says the other terms and conditions of the directive remain unchanged and also clarifies that the modification should not be taken to mean RBI is satisfied with the bank’s financial improvement.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Pune, Maharashtra
- Order Date