Case Brief
The Reserve Bank of India has extended the period of operation of its Directive issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Motiram Agrawal Jalna Merchants Co-operative Bank Ltd, Jalna. The original directive dated April 10, 2026 was valid up to October 10, 2026; RBI has now continued it from close of business on October 10, 2026 until close of business on January 10, 2027, subject to review. The press release states that the extension or modification should not be construed as RBI being satisfied with the bank’s financial position and that all other terms and conditions remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Jalna, Maharashtra