The Reserve Bank of India had placed Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time.
The Directions shall continue to apply to the bank till July 24, 2022 as per a RBI directive, subject to review.
All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated May 24, 2022 notifying the above extension is displayed at the bank’s premises for the perusal of 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.