RBI issue directions to CKP Co-operative Bank Ltd 01/08/2016 11:21
The Reserve Bank of India on Sunday said that it has extended directions on the CKP Co-operative Bank Ltd, Mumbai, Maharashtra, for a further period of six months from August 01, 2016 to January 31, 2017, which was placed under observation since April 30, 2014.
“CKP Co-operative Bank Ltd was placed under directions for a period since April 30, 2014,” RBI said in a notification.
The other terms and conditions of the directive under references remain unchanged, the apex bank notified.
The aforesaid extension and modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank, it added.
The Reserve Bank of India on Sunday said that it has extended directions on the CKP Co-operative Bank Ltd, Mumbai, Maharashtra, for a further period of six months from August 01, 2016 to January 31, 2017, which was placed under observation since April 30, 2014.
“CKP Co-operative Bank Ltd was placed under directions for a period since April 30, 2014,” RBI said in a notification.
The other terms and conditions of the directive under references remain unchanged, the apex bank notified.
The aforesaid extension and modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank, it added.
