There is no end of trouble for Nashik Zilla Girna Sahakari Bank based in Nashik yet. The apex bank RBI has extended its period of Direction for a further period of six months from September 10, 2016 to March 09, 2017.
The notice is subject to review and subject to the some modifications such as a sum not exceeding Rs 20,000 of the total balance held in every savings bank or current account or term deposit account or any other deposit account (by whatever name called), may be allowed to be withdrawn by depositor, provided that wherever such depositor is having liability to the bank in any manner.
The other terms and conditions of the directive under reference remain unchanged.
A copy of the directive dated August 25, 2016 notifying the above extension and modification is displayed at the bank’s premises for the perusal of public.
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.
