Case Brief
What Happened
The Reserve Bank of India has extended the period of operation of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik. The original directive dated December 08, 2025 had been in force up to the close of business on June 09, 2026. RBI has now extended the same directive for a further three months, up to the close of business on September 09, 2026, subject to review. The press release states that all other terms and conditions remain unchanged and that the extension should not be construed as satisfaction with the bank's financial position.