Case Brief
RBI had placed Dwarkadas Mantri Nagari Sahakari Bank Ltd, Beed under Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 on March 09, 2022, and those directions were extended from time to time. In this release, RBI withdrew the directions after reviewing the bank's financial position and stating that withdrawal was necessary in the public interest.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Co-operative bank
- Location
- Beed, Maharashtra
- Order Date