Case Brief
The Reserve Bank of India has further extended the 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 directive, originally issued on December 08, 2025 and last extended up to September 09, 2026, is now extended again from close of business on September 09, 2026 to close of business on December 09, 2026, subject to review. RBI also clarified that the extension should not be interpreted as satisfaction 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
- Nasik