Case Brief
The Reserve Bank of India has extended the earlier Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 in respect of Lokapavani Mahila Sahakari Bank Niyamitha, Mandya. The extension continues the directive from close of business on October 30, 2026 to close of business on January 30, 2027, subject to review. RBI also clarified that the extension should not be construed as satisfaction with the bank's financial position and that all other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Mandya, Karnataka
- Order Date