Saibaba Janata Sahakari Bank Limited, Latur

RBI withdrew the Section 35A directions previously imposed on Saibaba Janata Sahakari Bank Limited, Latur. The withdrawal took effect from the close of business on November 26, 2024.

The bank is no longer subject to the withdrawn Section 35A directions from the effective date, restoring normal operating conditions relative to that order. Depositors and other stakeholders are affected only insofar as the prior restrictions no longer apply.

• 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 directions on Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra for one more month. The terms remain unchanged.

The bank continues to operate under the same RBI-imposed conditions for an additional month. Any operational limitations already in the directive remain in force until close of business on December 22, 2024, unless reviewed earlier 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 has extended its existing directions on Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra for another three months. The directive now runs until the close of business on November 22, 2024.

The bank remains subject to the same RBI directions and any operational constraints already contained in the directive until the new end date. The extension continues to affect the bank’s management and business operations, with the specific restrictions remaining unchanged and under review.

• 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 directions on Saibaba Janata Sahakari Bank Limited, Latur, by one month. The earlier restrictions continue unchanged until August 22, 2024.

The bank remains subject to the existing RBI directions for an additional month, with no change to the underlying terms. Customers and counterparties should continue to expect operational constraints under the directive until the new expiry date, subject to any further review or 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 has extended its existing directions on Saibaba Janata Sahakari Bank Limited, Latur, Maharashtra for three more months. The terms remain unchanged.

The bank remains subject to the same RBI operating directions until July 22, 2024, subject to further review. The restriction continues to constrain the bank’s operations under the existing directive, with no change to the terms currently in force.

• 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 directive against Saibaba Janata Sahakari Bank Limited, Latur, by three months. The directive now runs until the close of business on April 22, 2024, subject to review.

Saibaba Janata Sahakari Bank Limited must continue complying with the existing RBI operating directive through April 22, 2024, subject to review. Any restrictions already in place under the directive remain effective for the bank and its customers until the new end date.

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

RBI has extended its existing directions against Saibaba Janata Sahakari Bank Limited, Latur, for another three months. The earlier terms remain unchanged.

The bank remains subject to the same RBI-imposed operational restrictions for the extended period, with no relaxation of conditions. Any customers, depositors, or counterparties dealing with the bank will continue to be affected by the existing directive until the new expiry date, unless RBI reviews and changes it earlier.

• 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 Saibaba Janata Sahakari Bank Limited, Latur, by three more months. The rest of the directive remains unchanged.

Saibaba Janata Sahakari Bank Limited must continue complying with the existing RBI directions through October 22, 2023, unless altered earlier on review. The extension maintains the operational restrictions already in force for the bank, affecting its day-to-day functioning and any customers or counterparties subject to those conditions.

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

RBI extended its existing directions on Saibaba Janata Sahakari Bank Limited, Latur, for another three months. The earlier restrictions continue unchanged until July 22, 2023.

The bank remains subject to the existing RBI operating restrictions for the extended period, with no change to the earlier conditions. The bank must continue complying with the directive until July 22, 2023, and the position is subject to further review by RBI.

• 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

RBI has extended its existing directions on Saibaba Janata Sahakari Bank Limited, Latur for another three months. The original terms of the order remain unchanged.

The bank remains subject to the same RBI operating directions for the extended period, from January 23, 2023 through April 22, 2023. The order continues to constrain the bank’s operations as specified in the underlying directive, while the regulator reviews the situation.

• 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 Saibaba Janata Sahakari Bank Ltd., Latur under Section 35A directions restricting core banking activities. Depositor withdrawals were capped at ₹25,000, and the order runs for six months from July 22, 2022.

The bank must operate under severe RBI-imposed restrictions until the directions are modified or expire. Customers are affected by the withdrawal cap, and the bank cannot freely expand lending, raise deposits, borrow funds, or dispose of assets without RBI approval. The restrictions took effect at the close of business on July 22, 2022.

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