The Reserve Bank of India extended the period of directions on the Mumbai based Sangli Sahakari Bank for a further period of six months till 8th October 2024.
Issuing a press release the RBI said, “ All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated March 20, 2024, notifying the above extension is displayed at the bank’s premises for the perusal of the general public”. the release said.
“The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank”, it further added.
