Sangli Sahakari Bank Limited

RBI has extended the existing directions on Sangli Sahakari Bank Limited, Mumbai, for another six months. The earlier conditions continue unchanged.

The bank remains subject to the same operational restrictions already in place until close of business on October 08, 2024, unless RBI reviews or modifies the directions earlier. Customers, depositors, and counterparties continue to operate under the existing constraints imposed by the directions.

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

RBI has extended the Section 35A directions on Sangli Sahakari Bank Limited, Mumbai, Maharashtra until October 08, 2023. The existing restrictions continue unchanged.

The bank remains subject to the existing operating restrictions until October 08, 2023, unless revised earlier on review. The extension continues to constrain the bank’s operations and affects customers and counterparties to the extent covered by the original directions.

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

RBI extended its existing Section 35A directions on Sangli Sahakari Bank Limited, Mumbai. The restrictions remain in force until July 08, 2023, with all other terms unchanged.

Sangli Sahakari Bank Limited must continue operating under the RBI-imposed restrictions through July 08, 2023, unless reviewed earlier. The extension preserves the existing operational constraints on the bank and affects its business as previously directed; the public is notified that the restrictions remain in force.

• Section 35 A
• 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