The Janata Commercial Cooperative Bank Ltd., Khamgaon, (Buldhana) Maharashtra

RBI has withdrawn the All Inclusive Directions imposed on The Janata Commercial Cooperative Bank Ltd., Khamgaon, effective after business close on August 26, 2015. The bank may continue regular banking business.

The bank is no longer under the earlier Section 35A directions and may resume normal operations. Customers and counterparties should expect regular banking services to continue without the prior restrictions, effective from the close of business on August 26, 2015.

• sub section (2) of Section 35A of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies)

RBI extended its existing directions on Janata Commercial Cooperative Bank Ltd., Khamgaon, for three more months until September 13, 2015. The bank remains under operating restrictions.

The bank must continue operating under RBI-imposed restrictions through September 13, 2015 unless modified earlier. Customers and counterparties remain affected by the constrained operating conditions, while the bank’s ability to conduct normal business remains limited.

• Section 35A(1) of the Banking Regulation Act, 1949 (AACS)

RBI extended the existing restrictions on The Janata Commercial Cooperative Bank Ltd., Khamgaon until June 13, 2015. The bank remained subject to caps on withdrawals and prohibitions on lending, investments, fresh deposits, and other core activities.

The bank must continue operating under RBI-imposed restrictions through June 13, 2015, limiting core banking activities and capping depositor withdrawals. Customers are affected by the withdrawal limit and the bank’s inability to extend credit, raise fresh deposits, or take on new liabilities except as allowed by RBI.

• Section 35A(1) of the Banking Regulation Act, 1949 read with Section 56 of the Banking Regulation Act, 1949