Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – Millath Co-operative Bank Limited, Davangere, Karnataka – Extension of period
Case Brief
The Reserve Bank of India has extended the validity of its All Inclusive Directions issued to Millath Co-operative Bank Limited, Davangere, Karnataka under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The earlier directions, originally issued on April 26, 2019 and previously extended up to May 7, 2022, will now continue from May 8, 2022 to July 7, 2022, subject to review. The press release says the other terms and conditions remain unchanged.
The Reserve Bank of India extended the period of operation of its All Inclusive Directions issued to Millath Co-operative Bank Limited, Davangere, Karnataka, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directive dated April 26, 2019, as modified from time to time and last extended up to May 7, 2022, was made to continue for a further two months from May 8, 2022 to July 7, 2022, subject to review. The release states that all other terms and conditions of the directives remain unchanged.
Severity Assessment
This is an RBI Section 35A All Inclusive Directions extension on a co-operative bank, which is treated as a broad business restriction with severity 4.
The bank remains subject to the same operational restrictions contained in the existing All Inclusive Directions for the extension period. Customers and counterparties must continue to operate within those limits until July 7, 2022, unless RBI reviews or changes the directive earlier.
Published as Millath Co-operative Bank Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
Millath Co-operative Bank Ltd., Davangere, Karnataka
License cancellation · Fresh imposition
Millath Co-operative Bank Limited
Business restriction · Extension
Millath Co-operative Bank Limited
Business restriction · Extension
Millath Co-operative Bank Limited
Business restriction · Extension
Millath Co-operative Bank Limited, Davangere, Karnataka
Business restriction · Extension
© 2026 RegOversight by OddVector