Case Brief
What Happened
The Reserve Bank of India extended the period of its existing directions against Maratha Sahakari Bank Ltd., Mumbai, Maharashtra, originally placed under directions from the close of business on August 31, 2016. The latest extension, issued on December 30, 2020, continues the same directions until March 31, 2021 subject to review, with all other terms and conditions unchanged. The release also says the extension should not be construed as RBI being satisfied with the bank’s financial position.