Case Brief
The Reserve Bank of India has extended the period of operation of its earlier directive issued to Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directive, first issued on March 9, 2022, will continue to apply from September 10, 2022 to December 9, 2022, subject to review. No other terms or conditions were changed.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Beed, Maharashtra
- Order Date