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

Extension of regulatory directions continues to bind the cooperative bank; other directive terms unchanged and public display required. The Reserve Bank of India extended the applicability of its directions on The C.K.P. Co-operative Bank Ltd., Mumbai by issuing a modified directive that continues the existing restrictions for a further specified period from the close of business on November 1, 2014, subject to review; all other terms and conditions remain unchanged and a copy of the modified directive is displayed at the bank's premises for public perusal.