Sarjeraodada Naik Shirala Sahakari Bank Ltd

RBI extended its existing Section 35A Directions on Sarjeraodada Naik Shirala Sahakari Bank Ltd. until March 03, 2022. The earlier conditions continue unchanged.

The bank remains subject to the same RBI operating restrictions until March 03, 2022, subject to further review. Customers and counterparties must continue to operate within the unchanged constraints imposed by the Directions.

• 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

RBI extended its existing Section 35A directions on Sarjeraodada Naik Shirala Sahakari Bank Ltd, Shirala, Maharashtra, until November 03, 2021. The earlier terms continue unchanged.

The bank must continue complying with the existing RBI Directions through November 03, 2021, subject to further review. The extension means the operational restrictions on the bank remain in force, affecting its activities and its customers until the directions are modified or lifted.

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