Case Brief
What Happened
The Reserve Bank of India extended the existing Directions applicable to Sangli Sahakari Bank Limited, Mumbai, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The extension runs from the close of business on October 08, 2024 to the close of business on January 08, 2025, and the release says all other terms and conditions remain unchanged. The original directions had been in force since July 08, 2022 and had already been extended time to time.