Share
The Reserve Bank of India (RBI) has extended the period of operation of its Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for Ajantha Urban Co-operative Bank Maryadit, Aurangabad, Maharashtra.
Originally issued on August 28, 2023, the Directions were valid for six months and subsequently extended up to August 29, 2024. RBI has now extended them for an additional three months, from August 29, 2024, to November 29, 2024, subject to review.
The extension has been made in the public interest, and all other terms and conditions of the original Directions remain unchanged.
[RBI]