Case Brief
What Happened
The Reserve Bank of India has extended the Directions previously imposed on Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra. The earlier directions, issued on March 09, 2023, had placed the bank under Directions from March 10, 2023 and were periodically extended, with the last extension running up to September 10, 2024. The present directive extends the same Directions for a further three months, from close of business on September 10, 2024 to close of business on December 10, 2024, and states that all other terms and conditions remain unchanged.