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

MUMBAI, India, March 12 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India, vide directive CO.DOS.SED.No.S1918/12-22-283/2023-24 dated June 13, 2023, had placed Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi under Directions for a period of six months up to the close of business on December 14, 2023. The validity of the directions was extended from time-to-time, the last being up to close of business on March 14, 2025.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to...