Case Brief
What Happened
The Reserve Bank of India extended the ongoing directions applicable to Maratha Sahakari Bank Limited, Mumbai, Maharashtra. The bank had originally been placed under directions on August 31, 2016, and the validity had been extended from time to time, with the latest prior extension running until February 28, 2022. Under the latest directive issued on February 25, 2022, RBI continued the same directions until May 31, 2022, subject to review, and stated that all other terms and conditions would remain unchanged.