Case Brief
RBI has extended the validity of the Section 35A directions already in force against Shree Ganesh Sahakari Bank Ltd, Nashik, Maharashtra. The bank had been placed under directions from close of business on April 02, 2013, and the latest prior extension had kept them in force until September 29, 2017. By the September 25, 2017 directive, RBI continued the same modified directions for a further six months, from September 30, 2017 to March 29, 2018, subject to review.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Nashik, Maharashtra
- Order Date