Case Brief
The Reserve Bank of India stated that the directive issued on August 28, 2015 to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified from time to time and earlier extended up to September 08, 2017, will continue to apply for another four months, from September 09, 2017 to January 08, 2018. The order was issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (as applicable to co-operative societies).
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- New Delhi, Delhi
- Order Date