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The Reserve Bank of India issued Directions to The Malkapur Urban Co-operative Bank Ltd., Buldhana, Maharashtra underneath Section 35A learn with Section 56 the Banking Regulation Act, 1949 vide Directive DOS.CO.NSUCBs-West/D-3/S2050/12-07-005/2021-22 dated November 24, 2021, as modified infrequently, which had been final prolonged as much as August 24, 2022 vide Directive DOR.MON/D-10/12.22.638/2022-23 dated May 20, 2022. 2. The Reserve Bank of India is happy that within the public curiosity, it’s needed to increase the interval of operation of the Directive DOS.CO.NSUCBs-West/D-3/S2050/12-07-005/2021-22 dated November 24, 2021 issued to The Malkapur Urban Co-operative Bank Ltd., Buldhana, Maharashtra, as modified infrequently, which had been final prolonged as much as August 24, 2022 vide Directive DOR.MON/D-10/12.22.638/2022-23 dated May 20, 2022. Accordingly, the Reserve Bank of India, in train of powers vested in it underneath sub-part (1) of Section 35A learn with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive DOS.CO.NSUCBs-West/D-3/S2050/12-07-005/2021-22 dated November 24, 2021, issued to The Malkapur Urban Co-operative Bank Ltd., Buldhana, Maharashtra, as modified infrequently, which had been final prolonged as much as August 24, 2022, shall proceed to use to the financial institution for an additional interval of three months from August 25, 2022 to November 24, 2022, topic to assessment. All different phrases and circumstances of the Directives shall stay unchanged. (Yogesh Dayal) Press Release: 2022-2023/756 |


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