RBI has extended the directions on Shivajirao Bhosale Sahakari Bank Ltd., Pune, till August 04, 2020 subject to review.
The UCB was Placed under Directions from the close of business on May 04, 2019.
A copy of the aforesaid directive notifying the extended period is displayed at the bank’s premises for the perusal of the public.
The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.