Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik – Extension of Period
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,…
The Reserve Bank of India has extended the directives issued under Section 35A of the Banking Regulation Act, 1949, for Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik, for an additional period of three months. This extension, effective from September 09, 2026, to December 09, 2026, allows the bank to continue its operations beyond the initial six-month period.
The decision was made in the public interest and was announced through Directive No.CO.DOS.SED.No.S6690/12-22-173/2025-2026. The Reserve Bank of India emphasized that the extension does not reflect a satisfaction with the bank's financial position and that the other terms and conditions of the directive remain unchanged.
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