Case Brief
The Reserve Bank of India has further 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 directive, originally issued on November 06, 2025 and earlier extended up to August 07, 2026, is now extended for another three months from close of business on August 07, 2026 to close of business on November 07, 2026, subject to review. RBI also clarified that the extension and/or modification should not be taken to mean it is satisfied with the bank's financial position, and that all other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Pusad, Maharashtra