The C.K.P. Co-operative Bank Ltd., Mumbai, Maharashtra under RBI Directions – Extension of validity period

The Reserve Bank of India has notified that the directions imposed on The C.K.P.Co-operative Bank Ltd., Mumbai, Maharashtra, vide RBI directive dated April 30, 2014 shall continue to apply to the bank for a further period of three months from the close of business on November 1, 2014 vide modified directive dated October 21, 2014 subject to review. The other terms and conditions of the directive under reference shall remain unchanged. A copy of the directive dated October 21, 2014 is displayed at the Bank’s premises for the perusal of public.

The issue of the Directions by the Reserve Bank should per se not be construed to imply that the Reserve Bank of India is satisfied of substantive improvement in the financial position of the bank.

Ajit Prasad

Assistant General Manager