Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik

RBI has extended its existing Directions on Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik. The directive now runs until the close of business on September 09, 2026.

The bank must continue complying with the existing RBI directions without any change in conditions until September 09, 2026, subject to review. The extension preserves the operational restrictions already in force and continues affecting the bank’s business until RBI revises or withdraws the directive.

• 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 Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik under restrictive directions under Section 35A. The bank faces lending, investment, liability, deposit, and payment restrictions, with withdrawals capped at Rs 35,000 per depositor.

The bank must operate under strict RBI-imposed limits for six months unless the directions are modified earlier. Depositors' access to funds is restricted to Rs 35,000 per depositor, while the bank's lending, deposit-taking, liability creation, payments, and asset disposals are curtailed, affecting customers and counterparties.

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