Case Brief
What Happened
The Reserve Bank of India extended the existing Section 35A directions applicable to Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. Kolhapur, Maharashtra. The original directions had been placed from the close of business on May 19, 2018, and the November 12, 2018 directive continued them for a further six months until May 19, 2019. The release does not specify the underlying operational limits in this text, but confirms that the bank continues under RBI-imposed restrictions.