Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, Maharashtra

RBI withdrew the All Inclusive Directions previously imposed on Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad. The bank is now allowed to continue normal banking business.

The bank is no longer operating under the prior Section 35A directions and may continue regular banking business. Depositors and other stakeholders are no longer subject to the restrictions that had been in force, effective from the close of business on May 02, 2016.

• sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies)

RBI extended the Section 35A directions on Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad until May 03, 2016. The bank remains allowed to do business only subject to restrictions.

The bank must continue operating under RBI-imposed restrictions through May 03, 2016, and any further modification depends on RBI review. Depositors and customers remain affected because the bank’s normal operations are constrained, though the bank is not closed or licensed cancelled.

• Section 35A(1) of the Banking Regulation Act, 1949 (AACS)

RBI has extended the Section 35A restrictions on Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad until February 03, 2016. The bank can continue banking business only subject to those restrictions.

The bank remains operational but continues under RBI-imposed restrictions through February 03, 2016, unless modified earlier by RBI. Depositors and other stakeholders should expect constrained banking activity, while the bank must operate within the existing Section 35A conditions and await improvement in its financial position.

• Section 35A(1) of the Banking Regulation Act, 1949 (AACS)

RBI extended its existing Section 35A directions on Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad, for six more months till November 3, 2015. The bank remains able to operate only with restrictions.

The bank must continue operating under RBI-imposed restrictions through November 3, 2015, unless modified earlier by the regulator. Depositors and other customers remain subject to the operational constraints that accompany the directions, and the bank's ability to conduct normal business remains limited pending improvement in its financial position.

• Section 35A(1) of the Banking Regulation Act, 1949 (AACS)

RBI extended its Section 35A directions on Dr. Babasaheb Ambedkar Nagari Sahakari Bank Maryadit, Aurangabad until May 03, 2015. The bank remains subject to lending, deposit, payment, and asset-disposal restrictions, including a withdrawal cap.

The bank must continue operating under tight RBI-imposed restrictions through May 03, 2015, with no fresh lending, deposit-taking, borrowing, or unrestricted payments/asset sales. Depositors are affected by the withdrawal cap, and any further changes depend on RBI review and the bank’s financial condition.

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