India, Sept. 8 -- The Reserve Bank of India (RBI) has extended the regulatory directions imposed on Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik, for another three months.
The directions, which were earlier extended up to the close of business on September 9, 2026, will now remain in force until the close of business on December 9, 2026, subject to review.
The RBI said the extension has been made in the public interest under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The central bank clarified that the extension should not be construed as an indication that it is satisfied with the bank's financial position.
All other terms and conditions of the existing directions will remain unchanged.
Published by HT ...