.......As a bail-out measure for the banks which could not meet the deadline, Chief Minister Prithviraj Chavan and union minister Sharad Pawar had last week sought extension of the RBI deadline by another six months. On Monday, a day after the original deadline expired, senior officials from the state cooperation department said that the RBI was yet to respond to the request. If RBI rejects the request than the banks could face action include dissolution of their management boards........
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