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RBI extends Directions to The Vaish Co-operative Commercial Bank Ltd., New Delhi

The Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby directs that the Directive dated August 28, 2015 issued to The Vaish Co-operative Commercial Bank Ltd., New Delhi , as modified from time to time, the validity of which was extended upto January 8, 2018, shall continue to apply to the bank for a further period of six months from January 9, 2018 to July 8, 2018 subject to review.

Ajit Prasad
Assistant Adviser

Press Release : 2017-2018/1871

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