Case Brief
The Reserve Bank of India continued its existing directions against Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra under Section 35A of the Banking Regulation Act, 1949 (AACS). The bank had originally been placed under directions effective from the close of business on September 30, 2015, and the directions were earlier extended on March 29, 2016. The current release states that the directive shall continue to apply for a further period of six months up to March 30, 2017, with all other terms and conditions unchanged and subject to review.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Satara, Maharashtra
- Order Date