Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak (Karnataka)

RBI has extended the existing Section 35A directions on Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak. The earlier terms continue unchanged through close of business on June 27, 2026.

The bank remains subject to the RBI’s existing operating restrictions until close of business on June 27, 2026, unless modified earlier upon review. Customers and counterparties continue to be affected by the unchanged terms of the Directive during the extension period.

• Section 35A of the Banking Regulation Act, 1949
• 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 Section 35A/56 directions against Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak for another three months. The original terms continue unchanged.

The bank remains under the same RBI-imposed operating restrictions until close of business on March 27, 2026, unless reviewed earlier. Customers and counterparties remain subject to whatever limits and conditions were already contained in the original directive.

• 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