Bidar Mahila Urban Co-operative Bank Ltd., Bidar

RBI extended its existing Section 35A/Section 56 directions on Bidar Mahila Urban Co-operative Bank Ltd. for another six months. The order continues unchanged from September 1, 2021 through February 28, 2022.

The bank remains under the same RBI-imposed operating directions for the extended period, with no relaxation in conditions. The restrictions continue to apply to the bank until February 28, 2022, subject to review, affecting its operations and any customers or counterparties impacted by those directions.

• 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 Section 35A directions on Bidar Mahila Urban Co-operative Bank Ltd. for six more months. The underlying terms remain unchanged.

The bank must continue operating under the same RBI-imposed restrictions for the extended period, with no change to the existing conditions. The order affects the bank’s operations until August 31, 2021, subject to review.

• Section 35 A 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

RBI extended its existing All-Inclusive Directions for Bidar Mahila Urban Co-operative Bank Ltd., Bidar, Karnataka. The directions will continue from September 1, 2020 to February 28, 2021, subject to review.

The bank remains subject to the RBI’s existing operational restrictions for the extended period and must continue complying with the unchanged terms of the directions. The order affects the bank’s operations until February 28, 2021, subject to review.

• 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 the All Inclusive Directions on Bidar Mahila Urban Co-operative Bank Ltd., Bidar for another six months. The bank can continue operating only with the same restrictions in place.

The bank remains under the same operational restrictions for the extension period and can continue banking business only subject to those limits. Depositors and other stakeholders are affected by the ongoing constrained operations, which remain in force until February 29, 2020 or until the RBI modifies them.

• Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies)

RBI placed Bidar Mahila Urban Co-operative Bank Ltd., Bidar under Section 35A Directions. The bank faced broad restrictions on lending, deposits, payments, liabilities, and asset disposal, with withdrawals capped at ₹1,000.

The bank must operate under RBI-imposed restrictions and cannot expand credit, raise fresh deposits, or freely use funds/assets without approval. Depositors are directly affected by the withdrawal cap, and the bank’s normal business flexibility remains curtailed until RBI modifies the Directions.

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