Case Brief
RBI said the directives originally issued on August 28, 2015 to The Vaish Co-operative Commercial Bank Ltd., New Delhi, and later modified on February 25, 2016, will continue to apply for a further six months up to March 08, 2017. The order was issued under Section 35A of the Banking Regulation Act, 1949 as applicable to co-operative societies, and the release notes that the earlier terms and conditions remain unchanged and the extension is subject to review.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- New Delhi, Delhi
- Order Date