Skip to main content
← back
Informative

Directions under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Sikar Urban Co-operative Bank Ltd, Sikar, Rajasthan- Extension of Validity

Update / Judgement Date

06 Jun 2024

Source

RBI

Author

Team — WCP Legal Desk

Reading Time

1 min read

RBI

The Reserve Bank of India, under the Banking Regulation Act, 1949, extends the directive issued to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. Initially imposed on November 09, 2018, the directive's validity, last extended to June 09, 2024, is now prolonged for three months until September 09, 2024. \r


Terms remain unchanged, and a notice of the extension is posted at the bank's premises. The extension does not imply RBI's satisfaction with the bank's financial position.