The Reserve Bank of India (RBI) has officially lifted the Supervisory Action Framework (SAF) imposed on Janaseva Sahakari Bank Ltd., Hadapsar, Pune, marking a significant milestone in the bank’s journey toward financial resilience and regulatory compliance.
The withdrawal of SAF restrictions reflects the bank’s strengthened financial position, improved governance standards, and adherence to regulatory directives.
In a communication to colleagues and stakeholders, Chief Executive Officer Shirish Polekar expressed gratitude for the continuous support extended by members, customers, regulators, and the wider cooperative banking fraternity.
He said, “The removal of SAF is a significant step forward, and it reinforces our commitment to strengthening the cooperative banking sector with renewed confidence and responsibility.”
With RBI’s decision, Janaseva Sahakari Bank is now poised to expand its operations with greater confidence and renewed vigor.
Excellent Information
Excellent Information for co-op banking sector.