Case Brief
What Happened
The Reserve Bank of India has extended the existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra. The earlier directive was valid until the close of business on May 07, 2026; this release extends it to the close of business on August 07, 2026, subject to review. RBI states that all other terms and conditions of the directive remain unchanged and notes that the extension should not be construed as satisfaction with the bank's financial position.