Shree Ganesh Sahakari Bank Ltd, Nashik, Maharashtra

RBI extended the Section 35A directions on Shree Ganesh Sahakari Bank Ltd., Nashik, for six months. It also relaxed the depositor withdrawal cap from ₹70,000 to ₹80,000.

The bank must continue operating under RBI-imposed restrictions until September 29, 2018, and depositors remain subject to the withdrawal cap (now ₹80,000 per account/depositor, with possible set-off against dues owed to the bank). The action does not remove the restriction; it continues the bank's constrained operating regime subject to review.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-sections (1) and (2) of 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 the Section 35A directions on Shree Ganesh Sahakari Bank Ltd, Nashik for another six months. The existing restrictions continue through March 29, 2018.

The bank remains subject to the existing operational restrictions under RBI directions for the extension period. The restrictions continue to affect the bank’s business operations and remain relevant to depositors and other stakeholders until March 29, 2018, unless reviewed or modified earlier.

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

RBI extended and modified its Section 35A directions on Shree Ganesh Sahakari Bank Ltd., Nashik. The bank remains subject to withdrawal limits and other operating conditions through September 29, 2017.

The bank must continue operating under RBI-imposed conditions, including limits on depositor withdrawals and other restrictions embedded in the Section 35A directive, until September 29, 2017 subject to review. Depositors can withdraw only up to the revised cap, and if they owe the bank, amounts may be adjusted first against liabilities. The bank may undertake only the specifically permitted revival-related activities and must comply with the stated conditions.

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

RBI extended its existing Section 35A directions on Shree Ganesh Sahakari Bank Ltd., Nashik for another six months. The bank remains under the same restrictions, unchanged, through March 29, 2017.

The bank continues to operate under RBI-imposed restrictions until March 29, 2017, unless further modified or withdrawn. Customers and counterparties remain subject to the constraints flowing from the Section 35A directions, and the bank’s activities stay under regulatory review.

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

RBI relaxed the deposit withdrawal cap on Shree Ganesh Sahakari Bank Ltd., Nashik. The permitted withdrawal amount was increased to ₹50,000 per account, while other directions continued unchanged.

Depositors received a higher permitted withdrawal limit, improving access to funds compared with the earlier restriction. The bank remained under the broader Section 35A directions until September 29, 2016, and had to continue handling depositor payments under the modified conditions, including set-off against any borrower/surety liabilities and keeping payout funds segregated.

• sub-sections(1) and (2) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949

RBI extended the Section 35A directions on Shree Ganesh Sahakari Bank Ltd., Nashik until September 29, 2016. The terms remained unchanged.

The bank remains subject to the same operational restrictions under the Section 35A directive through September 29, 2016, unless modified earlier on review. The restrictions continue to affect the bank’s operations and its customers indirectly, depending on the scope of the underlying directive.

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

RBI further extended the existing directions on Shree Ganesh Sahakari Bank Ltd., Nashik for six months. The bank remains subject to the same operating conditions already in force.

The bank continues to operate under the same RBI-imposed restrictions for the extended period, subject to review. Depositors and other stakeholders remain affected by the ongoing operational conditions until March 29, 2016 or until further modification by RBI.

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

RBI extended the existing directions on Shree Ganesh Sahakari Bank Ltd., Nashik, for another six months. The bank remains under Section 35A restrictions subject to review.

The bank continues to operate under RBI-imposed Section 35A directions through September 29, 2015, unless reviewed sooner. Customers and counterparties remain subject to any operational constraints contained in the existing directions, while the bank remains under supervisory restriction.

• Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• Section 56 of the Banking Regulation Act, 1949

RBI extended the existing directions on Shree Ganesh Sahakari Bank Ltd., Nashik for another six months from September 30, 2014. The bank remains under the same restrictions, with all other terms unchanged.

The bank must continue operating under the existing RBI restrictions for another six months from September 30, 2014, subject to further review. Depositors and other stakeholders remain affected by the ongoing supervisory constraints until RBI changes or withdraws the directions.

RBI extended the existing Section 35A directions on Shri Ganesh Sahakari Bank Ltd., Nashik for six more months. The earlier restrictions continued unchanged.

The bank remained under the same RBI-imposed operating restrictions for the extended six-month period. Depositors, customers, and counterparties continued to be affected by the unchanged conditions until October 01, 2014 or further review/modification by RBI.

• Section 35A of the Banking Regulation Act, 1949

RBI placed Shree Ganesh Sahakari Bank Ltd., Nashik, under Directions, restricting withdrawals and several core banking activities. The bank may continue operating only subject to these limits.

Depositors face immediate withdrawal limits of Rs 1,000 per account subject to RBI conditions. The bank cannot expand lending, accept fresh deposits freely, take on new liabilities, or dispose of assets without approval, and its operations remain constrained until RBI modifies the Directions.

• Section 35A(1) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) read with Section 56 of the Banking Regulation Act, 1949