RBI fiat for Nashik Zilla Girna Sahakari Bank
Published: Sep 22, 2017
By TIOLCORP News Service
MUMBAI, SEPT 22, 2017: The Reserve Bank of India (RBI) issued directions u/s 35A of the Banking Regulation Act, 1949 to Nashik Zilla Girna Sahakari Bank Ltd., Nashik, Maharashtra.This Bank was placed under directions for a period of six months from the close of business on September 9, 2015 vide directive dated September 8, 2015. The validity of the directions was extended vide modified directives dated March 03, 2016, August 25, 2016 and March 7, 2017 for a period of six months every time. RBI notified for the information of the public that the period of operation of the directive has been extended for a further period of six months from September 10, 2017 to March 09, 2018 vide order dated September 01, 2017 subject to review.The other terms and conditions of the said directives remain unchanged.