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The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-4/12.22.141/2016-17 dated August 31, 2016, had positioned Maratha Sahakari Bank Limited, Mumbai, Maharashtra underneath Directions from the shut of business on August 31, 2016 for a interval of six months. The validity of the instructions was prolonged from time-to-time, the final being as much as August 31, 2022. 2. It is hereby notified for the data of the general public that, the Reserve Bank of India, in train of powers vested in it underneath sub-part (1) of Section 35 A learn with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall proceed to use to the financial institution until November 30, 2022 as per the directive DOR.MON/D-28/12.22.140/2022-23 dated August 30, 2022, topic to evaluation. 3. All different phrases and situations of the Directives underneath reference shall stay unchanged. A replica of the directive dated August 30, 2022 notifying the above extension is displayed on the financial institution’s premises for the perusal of public 4. The aforesaid extension and /or modification by the Reserve Bank of India mustn’t per-se be construed to indicate that Reserve Bank of India is happy with the monetary place of the financial institution. (Yogesh Dayal) Press Release: 2022-2023/796 |
