DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - THE SHIRPUR MERCHANTS' CO-OPERATIVE BANK LTD., SHIRPUR, MAHARASHTRA - EXTENSION OF PERIOD

MUMBAI, India, April 8 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Shirpur Merchants' Co-operative Bank Ltd., Shirpur, Maharashtra, vide Directive No. CO.DOS.SED. No. S175/45-11-001/2024-2025 dated April 05, 2024, for a period of six months up to the close of business on October 08, 2024 as modified from time to time, which were last extended up to the close of business on April 08, 2025 vide Directive DOR.MON.D-90/12-21-364/2024-25 dated January 08, 2025.

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 Dire...