DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - PADMASHRI DR. VITHALRAO VIKHE PATIL CO-OPERATIVE BANK LTD., NASHIK, MAHARASHTRA - EXTENSION OF PERIOD

MUMBAI, India, Feb. 17 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India had issued Directions to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, Maharashtra under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. DCBS.CO.BSD-I/D-7/12.22.395/2017-18 dated May 18, 2018 for a period of six months up to the close of business on November 18, 2018, which were last extended up to the close of business on February 17, 2025 vide Directive DOR.MON. D-69/12.22.395/2024-25 dated November 12, 2024.

2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond the clo...