DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - IMPERIAL URBAN CO-OPERATIVE BANK LTD, JALANDHAR - EXTENSION OF PERIOD

MUMBAI, India, March 7 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India, vide directive CDG.DOS.RSG.No.S1645/16-03-046/2022-2023 dated March 09, 2023, had placed Imperial Urban Co-operative Bank Ltd, Jalandhar - under Directions from the close of business on March 10, 2023, for a period of six months up to September 10, 2023, the validity of which was last extended up to close of business on March 10, 2025 vide directive DOR.MON/D-79/12.28.319/2024-25 dated December 05, 2024.

2. The Reserve Bank of India, in exercise of the powers vested in it under subsection (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to app...