The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to National Urban Co-operative Bank Ltd., Pratapgarh, vide Directive CO.DOS.SED.No.S369/45-11-001/2024-25 dated April 15, 2024, for a period of six months up to close of business on October 15, 2024, which was last extended up to close of business on January 15, 2026, vide Directive DOR.MON/D-30/12.28.017/2025-26 dated October 09, 2025. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond the close of business on January 15, 2026. 2. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on January 15, 2026 to close of business on April 15, 2026, subject to review. 3. All other terms and conditions of the Directive under reference shall remain unchanged. (Brij Raj)
Chief General Manager Press Release: 2025-2026/1901 |
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