Case Brief
The Reserve Bank of India extended the ongoing Directions imposed on Raigad Sahakari Bank Limited, Mumbai, Maharashtra. The bank had originally been placed under Directions from the close of business on July 18, 2022, and the July 17, 2023 directive continues those Directions until October 18, 2023, subject to review. RBI also stated that all other terms and conditions of the earlier Directions remain unchanged and that the extension should not be construed as satisfaction with the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Mumbai, Maharashtra
- Order Date