Case Brief
RBI has withdrawn the All Inclusive Directions issued on March 28, 2006 to Laxmi Vishnu Sahakari Bank Ltd., Ichalkaranji, Kolhapur, Maharashtra. The withdrawal took effect from the close of business on October 12, 2015, under Section 35A(2) of the Banking Regulation Act, 1949 (as applicable to cooperative societies). Following the withdrawal, the bank is permitted to continue regular banking business.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Co-operative bank
- Location
- Ichalkaranji, Maharashtra
- Order Date