The validity of the directions on the R S Co-operative Bank Ltd, Mumbai, Maharashtra has been extended for a further period of six months to June 25, 2016.
A RBI release said it had notified The R S Co-operative Bank Ltd, Mumbai, Maharashtra, under directions for a period of six months from the close of business on June 26, 2015.
The other terms and conditions of the directive under reference remain unchanged. A copy of the directive dated December 21, 2015 notifying the above modification is displayed at the bank’s premises for the perusal of public.
The aforesaid 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.