DIRECTIONS UNDER SECTION 35 A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 (AS APPLICABLE TO CO-OPERATIVE SOCIETIES) - NASIK JILHA MAHILA VIKAS SAHAKARI BANK LTD., NASIK

MUMBAI, India, Dec. 9 -- 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 of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive No. CO.DOS.SED.No.S6690/12-22-173/2025-2026 dated December 08, 2025, has issued certain Directions to Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nasik ("the bank"), whereby, as from the close of business on December 09, 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 borrowal o...