Case Brief
RBI notified that the period of operation of the directive originally issued on September 8, 2015 to Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra, and later extended on March 3, 2016 and August 25, 2016, has been extended again. The new extension runs from March 10, 2017 to September 9, 2017. RBI also noted that the other terms and conditions of the directive remain unchanged and that the extension should not be construed as satisfaction with the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Nashik, Maharashtra
- Order Date