DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - SHREE MAHALAXMI URBAN CO-OPERATIVE CREDIT BANK LTD., GOKAK (KARNATAKA) - EXTENSION OF PERIOD

MUMBAI, India, Sept. 19 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak vide Directive No. CO.DOS.SED.No.S4800/12-23-151/2024-2025 dated September 26, 2024, for a period of six months up to close of business on March 27, 2025 as modified from time to time, which were extended upto June 27, 2025 vide Directive No. DOR.MON/D-110/12.23.151/2024-25 dated March 25, 2025 and further extended upto September 27, 2025 vide Directive No. DOR.MON/D-16/12.23.151/2025-26 dated June 24, 2025. The Reserve Bank of India is satisfied that in the public interest, it ...