| RBI extend Directions to The Vaish Co-operative Commercial Bank Ltd., New Delhi till March 08, 2017|
The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) and (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directives dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi, as modified on February 25, 2016, the validity of which was last extended up to September 08, 2016, shall continue to apply to the bank for a further period of six months up to March 08, 2017, subject to review.
Other terms and conditions of the Directives under reference shall remain unchanged.
Anirudha D. Jadhav
Press Release: 2016-2017/602