India, Oct. 28 -- The Reserve Bank of India (RBI) has extended the Directions imposed on Lokapavani Mahila Sahakari Bank Niyamitha, Mandya, for a further period of three months, from the close of business on October 30, 2026, to the close of business on January 30, 2027, subject to review.
The Directions were originally issued on July 29, 2025, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for a period of six months, up to the close of business on January 30, 2026.
The RBI stated that the extension was considered necessary in the public interest. However, it clarified that the extension or modification of the Directions should not be construed as an indication that the central bank is satisfied with the bank'...