Reserve Bank of India has included Vasai Vikas Bank in the second Schedule by issuing a notification last week.
In a press release the apex bank said “We advise that the name of “Vasai Vikas Sahakari Bank Ltd, Vasai Thane” has been included in the Second Schedule to the Reserve Bank of India Act, 1934”.
The notification is signed by Scenta Joy, the General Manager of RBI.
Thane based UCB has been at the front of cooperative movement in the area.