Rajasthan High Court: No Law for Conducting Arrest through Video Calls  ||  Gauhati HC Stays Operation of Two Amendments to the Nagaland Lokayukta Act  ||  Mad. HC: “Sexual Harassment” as Seen from PoSH Act Gives Significance to the Act than the Intention  ||  Del. HC: Restriction u/s 37 of NDPS Act Cannot take Precedence Over Accused’s Right u/a 21  ||  Ker. HC: Creating Geographical Restriction for an Escort Visit Can’t be Considered Violation of FRs  ||  Bom. HC: Can Proceed with Trial if Accused Neither Appears Nor Seeks Exemption from Attendance  ||  Bom. HC: Cannot Breach Fundamental Rights of Residents Merely because they Feed Dogs  ||  Del. HC: While Calculating Compensation, Family Pension Paid to Deceased’s Family Cannot be Deducted  ||  Del. HC: Department Can't Hold Compliance once Court Orders Release of Bank Guarantee by Trader  ||  Allahabad HC: Cannot Claim Use of Loudspeakers as a Matter of Right    

Directions under section 35A read with Section 56 of the Banking Regulation Act, 1949 - Shri Anand Co-operative Bank Limited - Extension of Period- (Reserve Bank of India) (23 Feb 2022)

MANU/RPRL/0087/2022

Banking

1. The Reserve Bank of India, vide directive DCBS.CO.BSD-I/D-16/12.22.474/2018-19 dated June 21, 2019, had placed Shri Anand Co-operative Bank Limited, Chinchwad, Pune, Maharashtra under Directions from the close of business on June 25, 2019 for a period of six months. The validity of the directions was extended from time-to-time, the last being up to February 24, 2022.

2. It is hereby notified for the information of the public that, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall continue to apply to the bank till May 24, 2022 as per the directive DOR.MON.D-64/12.22.474/2021-22 dated February 22, 2022, subject to review.

3. All other terms and conditions of the Directives under reference shall remain unchanged. A copy of the directive dated February 22, 2022 notifying the above extension is displayed at the bank's premises for the perusal of public.

4. The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.

Tags : DIRECTIONS   EXTENSION   TIME PERIOD  

Share :        

Disclaimer | Copyright 2025 - All Rights Reserved