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The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik, vide Directive No.CO.DOS.SED.No.S6690/12-22-173/2025-2026 dated December 08, 2025, for a period of six months up to the close of business on June 09, 2026, which were last extended up to the close of business on September 09, 2026 vide Directive No. DOR.MON/D-13/12-22-168/2026-27 dated June 02, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on September 09, 2026. 2. Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on September 09, 2026, to close of business on December 09, 2026, subject to review. 3. The aforesaid extension and /or modification by the Reserve Bank of India should not per se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank. 4. Other terms and conditions of the Directive under reference, shall remain unchanged. (Brij Raj) Press Release: 2026-2027/1057 |
