Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra

RBI extended the existing Section 35A directions on Ajinkyatara Sahakari Bank Ltd., Satara, for another six months. The earlier terms and conditions remain unchanged.

The bank remains subject to the same RBI-imposed operating restrictions for the extended period, with no change in the existing terms and conditions. Customers and counterparties should continue to expect constrained operations until the directions expire or are modified further.

• Section 35A of the Banking Regulation Act, 1949

RBI extended the Section 35A directions on Ajinkyatara Sahakari Bank Ltd., Satara for another six months. The existing restrictions remain in force until March 30, 2017, subject to review.

The bank must continue to operate under the same RBI-imposed restrictions through March 30, 2017, unless reviewed earlier. The public and the bank’s customers remain affected by the ongoing operational constraints under the Section 35A directions.

• Section 35A of the Banking Regulation Act, 1949 (AACS)

RBI extended the existing Section 35A directions on Ajinkyatara Sahakari Bank Ltd., Satara, Maharashtra until September 30, 2016. The terms remain unchanged and the bank continues to operate under the restriction.

The bank remains under RBI-imposed operating directions through September 30, 2016, meaning its activities continue to be constrained under the unchanged terms of the earlier order. The restriction affects the bank and, indirectly, its customers and counterparties by limiting operations until RBI reviews the position again.

• Section 35A of the Banking Regulation Act, 1949 (AACS)

RBI placed Ajinkyatara Sahakari Bank Ltd., Satara, under operating restrictions. The bank cannot undertake several core activities without prior RBI approval, and withdrawals are capped at ₹1,000.

The bank must operate under RBI-imposed restrictions and cannot expand lending, take on new liabilities, or freely use customer funds without approval. Depositors face withdrawal limits of ₹1,000 per account, while the bank’s management must comply with the stated conditions until RBI modifies the directions.

• Section 35A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949