India, Nov. 5 -- The Reserve Bank of India (RBI) has extended the period of directions imposed on The Pusad Urban Co-operative Bank Ltd., Maharashtra, by another three months till February 7, 2027, subject to review.
The extension will come into effect from the close of business on November 7, 2026. The directions were initially imposed on November 6, 2025, under Section 35A read with Section 56 of the Banking Regulation Act, 1949.
The RBI clarified that the extension should not be construed as an indication of satisfaction with the bank's financial position. All other terms and conditions of the existing directions will remain unchanged.
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