DIRECTIONS UNDER SECTION 35 A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - "LOKNETE R.D. (APPA) KSHIRSAGAR SAHAKARI BANK LTD, NIPHAD, TAL. NIPHAD, DIST. NASHIK"

MUMBAI, India, Dec. 16 -- Reserve Bank of India issued the following press release:

It is hereby notified for the information of the public that in exercise of powers vested in it under sub-section (1) of Section 35 A, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.S6986/12-22-482/2025-2026 dated December 15, 2025, has issued certain Directions to Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd, Niphad Tal. Niphad, Dist. Nashik, ("the bank"), whereby, as from the close of business on December 16, 2025, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowa...