Case Brief
What Happened
The Reserve Bank of India notified an extension of the existing directions imposed on Maratha Sahakari Bank Limited, Mumbai, Maharashtra. The bank had originally been placed under directions from the close of business on August 31, 2016, and the validity had been extended periodically, with the last extension running to February 28, 2023. Under the directive dated February 27, 2023, RBI ordered that the same directions shall continue to apply till May 31, 2023, subject to review. No other terms or conditions were changed.