India, Dec. 16 -- The Reserve Bank of India (RBI) has imposed regulatory restrictions on Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd, Niphad, Nashik district, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, citing supervisory concerns.
As per an RBI directive dated December 15, 2025, the restrictions come into effect from the close of business on December 16, 2025. Under the directions, the bank cannot, without prior written approval of the RBI, grant or renew loans and advances, make investments, incur liabilities including borrowing funds or accepting fresh deposits, disburse payments, enter into compromises or arrangements, or sell or dispose of its assets, except as permitted under the RBI directive.
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