Case Brief
The Reserve Bank of India has extended the directions already in force against Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra. The original directive dated September 28, 2015 was effective from close of business on September 30, 2015, and the latest order dated March 20, 2017 extends those directions up to September 30, 2017, subject to review. RBI also clarified that this modification should not be construed as evidence of substantive improvement in the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Satara, Maharashtra
- Order Date