Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P)

RBI has extended the Section 35A directions on Banaras Merchantile Co-operative Bank Ltd., Varanasi. The earlier restrictions will continue unchanged until close of business on September 03, 2024.

The bank remains subject to the same operational restrictions contained in the existing RBI directions through September 03, 2024. Customers, depositors, and counterparties continue to face whatever constraints the original order imposed, and the bank must comply with the unchanged terms during the extended period.

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

RBI has extended the existing Section 35A directions on Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) until June 03, 2024. The earlier terms continue unchanged.

The bank remains subject to the same operational restrictions under RBI Directions through June 03, 2024, unless revised earlier on review. Depositors and other stakeholders must continue to operate within the existing conditions imposed by the directions.

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

RBI extended its existing directions on Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P.) until March 03, 2024. The earlier operating restrictions continue unchanged.

The bank remains under the same RBI operating restrictions through close of business on March 03, 2024, unless modified earlier on review. Customers, depositors, and the bank itself remain subject to the existing conditions of the directions, with no restoration of normal operations implied by this extension.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI extended its existing Directions on Banaras Merchantile Co-operative Bank Ltd., Varanasi (U.P) until December 03, 2023. The terms of the order remain unchanged.

The bank remains subject to the same RBI Directions until December 03, 2023, so its operations continue under the existing restrictions. Customers, members, and counterparties remain affected by whatever limits the original order imposed, and the bank may only see changes if RBI later modifies the Directions.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS)