Case Brief
The Reserve Bank of India withdrew the All Inclusive Directions that had been issued on January 29, 2015 to Kisan Nagari Sahakari Bank Maryadit, Parbhani, Maharashtra. The withdrawal was exercised under Section 35A(2) of the Banking Regulation Act, 1949 (as applicable to cooperative societies), and the bank was permitted to continue undertaking regular banking business thereafter.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Co-operative bank
- Location
- Parbhani, Maharashtra
- Order Date