People’s Co-operative Bank Limited, Kanpur (Uttar Pradesh)

RBI extended the existing Section 35A directions on People’s Co-operative Bank Limited, Kanpur for another three months. The restrictions now continue from September 11, 2021 to December 10, 2021, subject to review.

The bank must continue operating under the existing RBI-imposed restrictions until December 10, 2021, unless modified earlier on review. Depositors, customers, and counterparties remain affected by the ongoing limitations associated with the Section 35A directions.

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

RBI extended the existing Section 35A directions on People’s Co-operative Bank Limited, Kanpur for three more months. The order runs from June 11, 2021 to September 10, 2021, subject to review.

The bank remains subject to the existing regulatory restrictions during the extended period, and its operations continue under RBI oversight until September 10, 2021 unless modified earlier. Customers and other stakeholders are affected only to the extent of the unchanged directions already imposed on the bank.

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