DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - MOTIRAM AGRAWAL JALNA MERCHANTS CO-OPERATIVE BANK LTD, JALNA - EXTENSION OF PERIOD

MUMBAI, India, Oct. 5 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Motiram Agrawal Jalna Merchants Co-operative Bank Ltd, Jalna, vide Directive No. NGP.DOS.SED 2.No.S12/15-04-339/2026-2027 dated April 10, 2026, for a period of six months up to the close of business on October 10, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on October 10, 2026.

2. Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Secti...