DIRECTIONS UNDER SECTION 35 A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 (AACS) - NAGAR SAHAKARI BANK LTD., ETAWAH

MUMBAI, India, May 18 -- 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 (As Applicable to Co-operative Societies), the Reserve Bank of India (RBI) vide Directive Ref. No. LKO.DOS.SED.No S29 /12-03-000/2026-2027 dated May 15, 2026, has issued certain Directions to Nagar Sahakari Bank Ltd., Etawah ("the bank"), whereby, as from the close of business on May 18, 2026, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance...