Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Limited, New Delhi – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Ramgarhia Co-operative Bank Limited, New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022 for a period of 06 months from close of business on July 08, 2022 up to close of business on January 08, 2023, which was last extended vide…
The Reserve Bank of India has extended the period of operation of a directive under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for Ramgarhia Co-operative Bank Limited, New Delhi. According to Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023, the extension is effective from July 08, 2022, to January 08, 2023, which was previously extended until June 30, 2026.
The Reserve Bank of India has decided to further extend the directive for a period of three months, from October 08, 2026, to January 08, 2027, subject to review.
This extension does not indicate that the Reserve Bank of India is satisfied with the bank's financial position. The 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.
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