Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra

RBI placed Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik under Section 35A directions with significant operational restrictions. Depositor withdrawals are capped at ₹1 lakh and the bank cannot undertake several core activities without prior RBI approval.

The bank must operate under RBI-imposed restrictions until the directions are modified or expire. It cannot freely lend, raise liabilities, accept fresh deposits, or dispose of assets, and depositor access to funds is capped at ₹1,00,000 subject to the stated conditions. Eligible depositors may also seek DICGC insurance claims up to ₹5,00,000 based on verification.

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

RBI has withdrawn the Section 35A read with Section 56 directions earlier imposed on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik. The withdrawal took effect from the close of business on May 16, 2025.

The co-operative bank is no longer subject to the previously imposed Section 35A/Section 56 directions as of the effective date. The withdrawal restores normal operating flexibility to the bank and removes the prior restriction for depositors and other counterparties, subject to any other applicable regulatory requirements.

• 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 existing Section 35A directive on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, for three more months. The terms remain unchanged.

The bank continues to operate under the same RBI-imposed restrictions until May 17, 2025, subject to review. Depositors, customers, and counterparties remain affected by the continuing directive, and the bank must comply with the unchanged conditions 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 has extended its existing Section 35A read with Section 56 directions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik for another three months. The underlying restrictions remain unchanged.

The co-operative bank continues to operate under the existing RBI restrictions until the close of business on February 17, 2025, unless reviewed earlier. Customers, depositors, and other counterparties remain subject to whatever operational limits were already in place under 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 has extended the existing directions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik, by three months. The restrictions now continue until close of business on November 17, 2024.

The bank remains subject to the same RBI-imposed operating restrictions for the extended period. Its operations continue under the directive until close of business on November 17, 2024, affecting the bank and, indirectly, its customers and counterparties as long as the restrictions remain in force.

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

RBI extended its existing Section 35A directions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik. The directions now continue until close of business on August 17, 2024.

The bank remains subject to the existing RBI operating conditions through August 17, 2024, subject to review. This continues the restrictions already in place and affects the bank’s operations and its customers in line with the unchanged terms of 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 extended its existing Section 35A directions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik, for another three months. The prior terms continue unchanged.

The bank remains subject to the same RBI operating restrictions during the extended period, with the directive continuing through May 17, 2024 unless reviewed earlier. This affects the bank’s operations and, depending on the underlying conditions of the directive, may continue to constrain customer-facing and other banking activities.

• 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 Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik. The restrictions continue unchanged until February 17, 2024, subject to review.

The bank remains under the same RBI-imposed operating restrictions through February 17, 2024, subject to further review. Depositors, customers, and counterparties continue to be affected by the unchanged conditions of the directive until RBI modifies or withdraws it.

• 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 Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik for another three months. The terms remain unchanged.

The bank remains subject to the same RBI-imposed operational directions for the extended period through November 17, 2023. Any restrictions already contained in the underlying directive continue to apply to the bank and, indirectly, to its customers and counterparties, until the next review or further extension.

• 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 against Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Limited, Nashik for another three months. The earlier conditions continue unchanged and remain under review.

The bank remains subject to the same RBI-imposed operating conditions for the extension period through August 17, 2023. Depositors, borrowers, and counterparties continue to face the constraints created by the standing Section 35A directions until RBI reviews them again.

• 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 Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik for another three months. The underlying terms of the directive were unchanged.

The bank remains subject to the existing RBI directions until May 17, 2023, unless further modified. Its operations continue under the same restrictions, affecting the bank and its customers within the scope of 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 extended its existing Section 35A directions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik. The bank will continue operating under restrictions for three more months.

The bank remains under RBI-imposed operating restrictions through February 17, 2023, and must continue complying with the existing conditions without change. Depositors and other customers are still subject to the same restrictions on the bank’s operations while the order remains in force.

• 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 (AACS)

RBI extended the existing restrictions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik. The bank remains subject to withdrawal and deposit acceptance ceilings.

The bank must continue operating under RBI-imposed limits on withdrawals and deposit acceptance through November 17, 2022, unless modified earlier. Depositors and customers remain affected by the ceilings and operational restrictions, while the bank may keep conducting business only within those constraints.

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

RBI extended its existing Section 35A directions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank, Nashik, for another three months. The bank remains subject to restrictions on deposit acceptance and withdrawals.

The bank must continue operating under RBI-imposed limits on deposit acceptance and withdrawals through June 17, 2022 unless modified earlier. Depositors and customers remain affected by the caps/restrictions, while RBI retains the ability to review and alter the directions depending on circumstances.

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

RBI extended the existing Section 35A directions on Padmashri Dr. Vitthalrao Vikhe Patil Co-Op. Bank Ltd., Nashik. The bank remains subject to withdrawal and deposit-acceptance restrictions until December 17, 2021, subject to review.

The bank must continue operating under RBI-imposed limits on withdrawals and deposit acceptance through December 17, 2021 unless modified earlier. Depositors remain affected by ceilings/restrictions, and the bank’s normal business remains constrained pending improvement in its financial position and any further RBI review.

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

RBI extended the existing Section 35A directions on Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank, Nashik, for three more months. The bank remains subject to limits on withdrawals and deposit acceptance.

The bank must continue operating under RBI-imposed limits on withdrawals and deposit acceptance until September 17, 2021, unless further modified or withdrawn. Depositors and customers remain affected by the operational caps, and RBI may review the directions depending on the bank’s circumstances.

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

RBI extended its existing Section 35A directions on Padmashri Dr. Vitthalrao Vikhe Patil Co-op. Bank, Nashik for another three months. The bank remains subject to ceilings/restrictions on withdrawals and deposit acceptance.

The bank must continue operating under RBI-imposed limits on deposit acceptance and withdrawals through June 17, 2021 unless modified earlier. Depositors and customers remain affected by the ceilings, while the bank remains under supervisory review and may seek relaxation if conditions improve.

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

RBI extended its Section 35A directions on Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik for another three months. The bank continues to face caps on withdrawals and deposit acceptance.

The bank must continue operating under RBI-imposed restrictions through March 17, 2021, including ceilings on withdrawals and deposit acceptance. Depositors and customers are directly affected by these limits, and RBI may later modify the directions depending on the bank’s financial position.

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

RBI extended its Section 35A directions on Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, for another three months. The bank continues to function subject to restrictions.

The bank remains under RBI-imposed operational restrictions for the stated period and must continue to comply with the existing directions. Its ability to conduct normal banking business remains constrained, although it is not being shut down or licensed cancelled. The restrictions affect the bank and, indirectly, its customers and counterparties until the directions are reviewed or modified.

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

RBI extended its existing Section 35A directions against Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik for another six months. The bank may continue operating, but only under restrictions.

The bank remains under RBI-imposed operating restrictions through September 17, 2020, unless modified earlier upon review. It can continue banking business only within those limits, which affects its operations and customers dealing with the bank, including depositors and other stakeholders.

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

RBI extended its existing restrictions on Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik for another six months. The bank can continue banking business, but only subject to the imposed directions.

The bank remains under RBI-imposed operating restrictions for the extended period and must continue business within those limits. Depositors and counterparties are affected only to the extent permitted by the directions, and the bank may face further modification or continuation depending on its financial condition and RBI review. The effective extension period begins on September 18, 2019 and runs until March 17, 2020 unless modified earlier.

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

RBI extended the Section 35A restrictions on Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik for another four months. The bank can continue banking business only with restrictions.

The bank remains under RBI-imposed operating restrictions for the extended period and must continue to function within those limits. Depositors and customers are affected insofar as the bank cannot operate without the restrictions, and RBI may modify the directions depending on future circumstances.

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

RBI extended its Section 35A directions for Padmashri Dr. Vitthalrao Vikhe Patil Co-operative Bank Ltd., Nashik, for another six months. The bank may continue banking business only subject to restrictions.

The bank remains under RBI-imposed operational restrictions through May 18, 2019 and can continue business only within those limits. Customers and counterparties are indirectly affected because the bank’s ordinary operations remain constrained while its financial position is under review.

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