Case Brief
The Reserve Bank of India had imposed Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra on May 18, 2018, and these directions were modified and extended over time, most recently up to May 17, 2025. Following a review of the bank’s financial position, RBI withdrew the directions in the public interest, effective from the close of business on May 16, 2025.
Action Snapshot
- Primary Impact
- Lifted
- Entity Type
- Co-operative bank
- Location
- Nashik, Maharashtra
- Order Date