| RBI withdraws Directions issued to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra|
The Reserve Bank of India has withdrawn the All Inclusive Directions issued vide order dated August 06, 2014 to Dilip Urban Co-operative Bank Ltd., Barshi, District - Solapur, Maharashtra, with effect from the close of business on May 04, 2016.
The withdrawal of Directions is in exercise of powers vested in the Reserve Bank of India under sub-section (2) of Section 35A of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies). A copy of the above order dated April 28, 2016 is displayed on the banks premises for perusal by the interested members of public. The bank will continue to undertake regular banking business hereafter.
Press Release: 2015-2016/2574