DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - THE PUSAD URBAN CO-OPERATIVE BANK LTD., PUSAD, MAHARASHTRA - EXTENSION OF PERIOD

MUMBAI, India, May 4 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra, vide Directive No. NGP.DOS.SSM3.No.S611/5-04-166/2025-2026 dated November 06, 2025, for a period of six months up to the close of business on May 07, 2026.

2. 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 the close of business on May 07, 2026.

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