Lokapavani Mahila Sahakari Bank Niyamitha, Mandya

RBI extended its existing Section 35A read with Section 56 directions on Lokapavani Mahila Sahakari Bank Niyamitha, Mandya. The directive now runs up to close of business on October 30, 2026.

The bank remains subject to the existing RBI directions through October 30, 2026, with no change to the underlying terms. This continues any operational constraints already imposed by the directive and affects the bank's business until the new end date, subject to further review by RBI.

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

RBI extended its existing Section 35A directions on Lokapavani Mahila Sahakari Bank Niyamitha, Mandya for three more months. The directive now runs until close of business on April 30, 2026, with all other terms unchanged.

The bank must continue operating under the existing RBI directive until close of business on April 30, 2026, subject to review. Any operational limits or conditions already imposed remain in force, affecting the bank and its customers until the directive is modified or withdrawn.

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

RBI placed Lokapavani Mahila Sahakari Bank Niyamitha, Mandya under Section 35A restrictions. The bank can continue operating only subject to limits on lending, deposits, liabilities, payments, and asset disposal.

The bank remains open but under tight operational constraints until the restrictions are modified or lifted. Depositors may withdraw only up to ₹30,000 per account as permitted, and eligible depositors may also seek DICGC insurance coverage up to ₹5 lakh, subject to verification. The bank's lending, deposit-taking, payment, and asset-disposal activities are curtailed by RBI approval requirements.

• Section 35 A read with Section 56 of the Banking Regulation Act, 1949
• DICGC Act, 1961