Case Brief
The Reserve Bank of India withdrew the All Inclusive Directions that had been issued on August 06, 2014 to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra. The withdrawal was issued under Section 35A of the Banking Regulation Act, 1949 (as applicable to co-operative societies) and took effect from the close of business on May 04, 2016. The release says the bank will continue to undertake regular banking business thereafter.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Co-operative bank
- Location
- Barshi, Maharashtra
- Order Date