Dwarakadas Mantri Nagari Sahakari Bank Ltd

RBI withdrew the Section 35A directions previously imposed on Dwarkadas Mantri Nagari Sahakari Bank Ltd, Beed. The withdrawal took effect on February 26, 2024.

The bank is restored from the earlier Section 35A regime and no longer remains under the withdrawn directions as of February 26, 2024. This removes the operational constraints previously in force.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (2) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI has extended the All-inclusive Directions on Dwarakadas Mantri Nagari Sahakari Bank Ltd., Beed for another three months. The terms of the directive remain unchanged.

The bank remains subject to the existing operational restrictions contained in the All-inclusive Directions until March 09, 2024, unless modified earlier upon review. Depositors, borrowers, and other counterparties continue to be affected by whatever conditions and limits the directive imposes; the release does not create new obligations beyond continued compliance with the unchanged directive terms.

• Section 35A of the Banking Regulation Act, 1949
• 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 has extended its existing Section 35A directions on Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed. The restrictions continue unchanged until December 09, 2023, subject to review.

The bank remains subject to the same RBI operational restrictions through close of business on December 09, 2023, unless further extended or modified on review. Depositors, customers, and other counterparties continue to be affected by the existing 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 the existing Section 35A directions on Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed, for another three months. The bank will continue operating under restrictions through September 9, 2023, subject to review.

The bank remains subject to the same operating restrictions already in place for the extended period. Customers and counterparties continue to face constrained banking operations, and the restrictions stay effective until September 9, 2023 unless further extended or modified by RBI.

• 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 Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed, for another three months. The bank may continue business, but only subject to the restrictions in the directive.

The bank remains under RBI-imposed operating restrictions for the extension period, which limits its business until June 9, 2023 unless further reviewed or modified. Depositors and counterparties continue to deal with the bank under those restrictions, while the bank must comply with the directive during the extended period.

• 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 Dwarkadas Mantri Nagari Sahakari Bank Ltd., Beed, Maharashtra for another three months. The bank will keep operating under restrictions.

The bank remains subject to RBI-imposed operating restrictions for the extended period and must comply with the directive until March 9, 2023, unless revised earlier upon review. Depositors and counterparties continue to deal with the bank under constrained operating conditions.

• 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 existing Section 35A directions on Dwarkadas Mantri Nagari Sahakari Bank, Beed, for another three months. The underlying terms of the directive were left unchanged.

The bank continues to remain subject to the same RBI restrictions for the extended period, with the prior operational conditions still in force. Customers and counterparties are affected only to the extent already covered by the original directive; no new relaxation is provided, and the order remains under review until December 9, 2022.

• 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 placed Dwarakadas Mantri Nagari Sahakari Bank Ltd., Beed under Section 35A directions. The bank faces restrictions on lending, deposits, investments, liabilities, and other transactions, with withdrawals capped at ₹5,000.

The bank must operate under RBI-imposed restrictions until the directions expire or are modified. Lending, deposit mobilisation, investment activity, and other operational decisions are constrained, while depositors are limited to ₹5,000 withdrawals subject to conditions. The restrictions take effect from the close of business on March 9, 2022.

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