Case Brief
The Reserve Bank of India has extended the period of operation of its existing Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 issued to The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra. The directive had previously been in force up to January 08, 2025 and is now extended for a further three months, up to the close of business on April 08, 2025. The RBI 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
- Shirpur, Maharashtra
- Order Date