Case Brief
RBI has extended the validity of its existing directions issued to Nashik Zilla Girna Sahakari Bank Limited, Nashik, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive dated July 15, 2022 had already been extended once on January 18, 2023, and now continues to apply from April 19, 2023 to July 18, 2023. The press release states that all other terms and conditions remain unchanged and that the extension is subject to review.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Nashik, Maharashtra
- Order Date