Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Rajapur Sahakari Bank Limited, Mumbai - Extension of period

The RBI, through directive CO.DOS.SED.No.S1917/12.22.212/2023-24 on June 13, 2023, placed The Rajapur Sahakari Bank Ltd, Mumbai under Directions from June 14, 2023, to December 14, 2023. The validity was extended until June 14, 2024. By directive DOR.MON.D-22/12.22.212/2024-25 on June 05, 2024, this is extended to September 14, 2024, subject to review, under Banking Regulation Act sections 35 A and 56. \r

All terms remain unchanged, as displayed at the bank's premises. The extension doesn't imply RBI's satisfaction with the bank's financial position.