MUMBAI, India, Aug. 27 -- Reserve Bank of India issued the following press release:
It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. पर्य.वि.जम्मू. सं.S132/12-01-040/2026-27 dated August 25, 2026 has issued certain Directions to The Citizens Co-operative Bank Ltd., Jammu, ("the bank"), whereby, as from the close of business on August 27, 2026, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur an...