Case Brief
The release title shows that RBI has extended the period of directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, Madhya Pradesh. The title does not state the underlying reasons or any new breaches; it only indicates that an existing order continues for a further period. As this is a regulatory restriction on a cooperative bank, it is treated as an adverse business restriction with severity 4.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Chhatarpur, Madhya Pradesh
- Order Date