Directions under Section 35A read with Section 56 of Banking Regulation Act, 1949 (AACS) – Kolikata Mahila Co-operative Bank Limited, 8D Krishna Laha Lane, Kolkata, West Bengal– Withdrawal of Directions

Case Brief

The Reserve Bank of India has withdrawn the Directions that had been issued to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS). The release notes that the directions had earlier been extended and modified from time to time, and that the last such extension was valid up to April 09, 2021. The withdrawal is effective April 10, 2021.