Case brief
RBI extended the existing directions on Shri Chhatrapati Urban Co-operative Bank Ltd. for another six months. The bank remains subject to the same restrictions, unchanged.
Impact
The bank continues to operate under the same RBI-imposed directions through March 10, 2017, subject to review. Customers and counterparties must continue to comply with the restrictions in the directive, and the bank does not get any relaxation in operations or financial constraints from this release.