Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal (M.P.)

RBI extended its existing directions on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal for another six months. The bank continues to operate under tight restrictions on lending, deposits, liabilities, and withdrawals.

The bank must continue operating within RBI-imposed limits through October 08, 2015 unless modified earlier. Lending, investment, borrowing, fresh deposit mobilisation, asset disposal, and most payments remain restricted; depositors are limited to withdrawals of up to Rs 1,000 per account subject to conditions.

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

RBI extended its restrictions on Sri Satya Sai Nagrik Sahakari Bank Maryadit, Bhopal for another six months. The bank remains under limits on lending, deposits, liabilities, payments and asset disposal, with depositor withdrawals capped.

The bank must continue operating under RBI-imposed restrictions through April 08, 2015 unless modified earlier. Customers are affected by the withdrawal cap and the bank’s inability to take on new loans, deposits, liabilities, or asset transactions beyond permitted limits.

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