Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Imperial Urban Cooperative Bank Ltd., Jalandhar – Extension of Period

The Reserve Bank of India, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, extends the Directions issued to The Imperial Urban Cooperative Bank Ltd., Jalandhar. Initially issued on March 9, 2023, for six months till September 10, 2023, and last extended till June 10, 2024, it's now extended further for three months until September 10, 2024. \r

This extension is deemed necessary in the public interest. All terms and conditions of the Directive remain unchanged, subject to review.