Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 - Rupee Co-operative Bank Ltd., Pune, Maharashtra – Extension of Period
Case Brief
The Reserve Bank of India continued the existing directions imposed on Rupee Co-operative Bank Ltd., Pune, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directions, originally effective from February 22, 2013 and previously extended up to May 31, 2022, were extended again until August 31, 2022, subject to review. No other terms or conditions were changed.
The Reserve Bank of India had originally placed Rupee Co-operative Bank Ltd., Pune, Maharashtra under directions from the close of business on February 22, 2013 under Section 35A read with Section 56 of the Banking Regulation Act, 1949. This release does not impose a new set of conditions; it extends the validity of the existing directions, which had last been valid up to May 31, 2022, and continues them until August 31, 2022, subject to review. All other terms and conditions remain unchanged.
Severity Assessment
Section 35A directions on a bank are a broad business restriction and are rated severity 4 even when the release only extends the existing order.
The bank continues to operate under the same RBI-imposed restrictions through August 31, 2022, subject to further review. Customers and counterparties remain affected by the continuing operational constraints, and the bank must comply with all existing conditions of the directions.
Published as Rupee Co-operative Bank Ltd., Pune, Maharashtra
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
Rupee Co-operative Bank Ltd., Pune, Maharashtra
Business restriction · Extension
Rupee Co-operative Bank Ltd, Pune
License cancellation · Fresh imposition
Rupee Co-operative Bank Ltd., Pune, Maharashtra
Business restriction · Extension
Rupee Co-operative Bank Ltd, Pune
License cancellation · Fresh imposition
Rupee Co-operative Bank Ltd., Pune, Maharashtra
License cancellation · Extension
© 2026 RegOversight by OddVector