Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra vide Directive No. NGP.DOS.SSM3.No.S611/5-04-166/2025-2026 dated November 06, 2025, for a period of six months up to close of business on May 07, 2026, which was last extended up to the close of…
The Reserve Bank of India has extended the validity of Directions under Section 35A of the Banking Regulation Act, 1949, as read with Section 56, for The Pusad Urban Co-operative Bank Ltd. in Pusad, Yavatmal, Maharashtra. This extension was issued on November 06, 2025, and is valid until May 07, 2026, with an additional three-month extension until February 07, 2027.
The Reserve Bank of India made this decision in the public interest, though it is not a reflection of the bank's financial health. 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.
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