Case Brief
The Reserve Bank of India has withdrawn the All Inclusive Directions issued on September 9, 2015 to Shree Govardhansinghji Raghuvanshi Sahakari Bank Ltd., Nandurbar, Maharashtra. The withdrawal took effect from the close of business on December 19, 2015, and was made under Section 35A of the Banking Regulation Act, 1949 as applicable to co-operative societies. The bank can continue normal banking operations thereafter.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Co-operative bank
- Location
- Nandurbar, Maharashtra
- Order Date