Pune, 17 Oct (HS): The Reserve Bank of India has

lifted the All Inclusive Directions and AID and Supervisory Action Framework

(SAF) over 143 Nagari Sahakari banks in Maharashtra. The restrictions were

imposed after the Corona pandemic.

The banks faced serious financial problems as

recovery of loans, raising fund through shares and registering new members or

share-holders was not possible. The unpaid loans piled up and the banks were

unable to extend loans. The Cooperative Department had banned recovery of loans

during the Corona pandemic and other related issues.

The banks will be able to restart their activities

after the restrictions have been lifted by the RBI.

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Hindusthan Samachar / Ajay Vasant Mardikar