Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik, vide Directive No. CO.DOS.SED. No. S6986/ 12-22-482/2025-2026 dated December 15, 2025, for a period of six months up to the close of business on June 16, 2026, which were last extended up to…
The Reserve Bank of India has extended the directive for Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd. in Niphad, Nashik, by an additional three months. This extension is under Section 35A and Section 56 of the Banking Regulation Act, 1949. The directive will now remain valid until December 16, 2026, subject to a review. This extension was initially last extended up to September 16, 2026.
The Reserve Bank of India has not made this extension based on a positive financial assessment of the bank. All other terms and conditions of the directive remain unchanged.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
