Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Valsad Mahila Nagrik Sahakari Bank Ltd., Valsad Gujarat – Extension of period

The Reserve Bank of India has issued directions under Section 35A of the Banking Regulation Act, 1949, read with Section 56, to The Valsad Mahila Nagrik Sahakari Bank Ltd., located in Valsad, Gujarat. This directive, granted in Directive No. AMD.DOS.SSM.No.S831/11-03-153/2025-2026 on December 17, 2025, permits the bank's operation for an additional six months, extending until June 18, 2026. This extension was previously granted on June 11, 2026, via Directive No. DOR.MON/D-17/12-21-153/2026-27.

The Reserve Bank of India has assessed that it is in the public interest to further prolong the directive's period beyond its initial expiration date of September 18, 2026. Consequently, the Reserve Bank has exercised its authority under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, to extend the directive for a further three months. This extension will now render the directive effective until December 18, 2026, subject to review.

It is important to note that this extension and/or modification by the Reserve Bank of India should not be perceived as an affirmation of the bank's financial health. The terms and conditions outlined in the directive remain unchanged.