Case Brief
RBI has extended the Section 35A directions previously placed on The CKP Co-operative Bank Ltd., Mumbai, Maharashtra. The original directions dated April 30, 2014 had already been extended from time to time, and the latest extension continues them from August 1, 2017 to November 30, 2017, subject to review. The release states that this does not imply RBI is satisfied with the bank's substantive financial improvement.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Mumbai, Maharashtra
- Order Date