Case Brief
The Reserve Bank of India has withdrawn the All Inclusive Directions that had been issued on September 08, 2015 to Nashik District Girna Sahakari Bank Ltd., Nashik, Maharashtra. The withdrawal was made under Section 35A(2) of the Banking Regulation Act, 1949 (as applicable to co-operative societies) and became effective on November 02, 2017. Following the withdrawal, the bank is allowed to undertake regular banking business again.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Co-operative bank
- Location
- Nashik, Maharashtra
- Order Date