Case Brief
RBI notified the public that the period of operation of the directive first issued on April 30, 2014 for CKP Co-operative Bank Ltd, Mumbai, Maharashtra, and subsequently extended on multiple occasions, has been extended again by directive dated July 28, 2016. The new extension runs from August 01, 2016 to January 31, 2017, subject to review, with all other terms and conditions left unchanged. RBI also clarified that the extension or modification should not be read as evidence of substantive improvement in the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Mumbai, Maharashtra
- Order Date