Case brief
RBI extended its existing directions on Shatabdi Mahila Sahakari Bank Ltd., Thane until November 17, 2016. The bank remains subject to the same operating restrictions, with no change to other terms and conditions.
Impact
The bank continues to operate under RBI-imposed restrictions until November 17, 2016 unless reviewed/changed earlier. Depositors and counterparties remain subject to the constraints of the existing directive, while the bank must comply with the unchanged terms of the order.