Lokseva Sahakari Bank Ltd., Pune, Maharashtra under RBI Directions – Extension of validity period
Case Brief
RBI notified that the directions earlier imposed on Lokseva Sahakari Bank Ltd., Pune, Maharashtra will continue for a further six-month period from November 20, 2014 to May 19, 2015, subject to review. The release says the other terms and conditions of the directive remain unchanged and also clarifies that the modification should not be taken to mean RBI is satisfied with the bank’s financial improvement.
The Reserve Bank of India stated that the directions imposed on Lokseva Sahakari Bank Ltd., Pune, Maharashtra vide directive dated May 19, 2014 shall continue to apply for a further period of six months, from November 20, 2014 to May 19, 2015, subject to review. The release expressly says the other terms and conditions of the directive remain unchanged and notes that the modification should not be construed as RBI being satisfied with any substantive improvement in the bank’s financial position.
Severity Assessment
This is an extension of RBI Section 35A-type directions on a bank, which is treated as a broad business restriction at severity 4 even without a new fine.
The bank remains subject to the existing RBI operating restrictions for the extended period, with no change to the underlying conditions. Customers and counterparties continue to deal with a bank operating under RBI-imposed constraints until May 19, 2015 or further review.
Published as Lokseva Sahakari Bank Ltd., Pune, Maharashtra
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
Lokseva Sahakari Bank Ltd., Pune, Maharashtra
License cancellation · Fresh imposition
Lokseva Sahakari Bank Ltd.
Business restriction · Extension
Lokseva Sahakari Bank Ltd.
Business restriction · Extension
Lokseva Sahakari Bank Ltd., Pune
Business restriction · Extension
Lokseva Sahakari Bank Ltd., Pune
Business restriction · Extension
© 2026 RegOversight by OddVector