Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Dist. Vaishali – Extension of Period

The Reserve Bank of India (RBI) has extended its Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for The Vaishali Shahari Vikas Co-operative Bank Ltd., Hajipur, Vaishali. Initially issued on June 13, 2023, and last extended to June 14, 2024, the RBI has now further extended the Directions until September 14, 2024. \r

This extension, deemed necessary in the public interest, retains all previous terms and conditions. The extension period starts from the close of business on June 14, 2024, and is subject to review.