Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra – Extension of Period
Case Brief
The Reserve Bank of India has extended the operative period of its earlier directions issued to The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directive, which had previously been extended up to October 28, 2024, is now extended for a further three months until the close of business on January 28, 2025, subject to review, with all other terms and conditions unchanged.
RBI had previously issued directions to The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949. This press release further extends the period of operation of that directive from the close of business on October 28, 2024 to the close of business on January 28, 2025, with all other terms and conditions remaining unchanged.
Severity Assessment
This is an extension of RBI Section 35A directions on a bank/co-operative bank, which is treated as a broad business restriction with severity 4 even without a fine.
The bank remains subject to the same RBI-imposed operating restrictions through January 28, 2025, unless reviewed earlier. The extension continues to constrain the bank's operations and any affected customers, counterparties, or depositors must continue to operate within the existing terms of the directive.
Published as The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra
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The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra
Business restriction · Extension
The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra
Business restriction · Extension
The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra
Business restriction · Extension
The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra
Business restriction · Extension
The Anjangaon Surji Nagari Sahakari Bank Ltd., Amravati, Maharashtra
Business restriction · Extension
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