Case brief
RBI extended the existing directions on The Choundeshwari Sahakari Bank Ltd, Ichalkaranji, Kolhapur until November 30, 2016. The terms of the directive remained unchanged.
Impact
The bank remained subject to the same RBI directions and operating restrictions through November 30, 2016, with no change in conditions. Customers and counterparties continued to deal with the bank under the existing constraints until the extended period expired or RBI modified the directive again.