Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Lokapavani Mahila Sahakari Bank Niyamitha, Mandya - Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Lokapavani Mahila Sahakari Bank Niyamitha, Mandya vide Directive No. BLR.DOS.SSMS.No.S628/09-01-242/2025-2026 dated July 29, 2025, for a period of six months up to close of business on January 30, 2026. The Reserve Bank of India is satisfied that in the public interest, it is…
The Reserve Bank of India has extended the directive issued to Lokapavani Mahila Sahakari Bank Niyamitha, Mandya under Section 35A of the Banking Regulation Act, 1949. This directive, which was initially set to expire on October 30, 2026, will now remain in effect until January 30, 2027. The decision was made after the Reserve Bank of India deemed it in the public interest to further extend the directive's period for an additional three months.
The extension does not indicate any satisfaction with the bank's financial position. All other terms and conditions as per the original 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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