Reserve Bank of India vide directive DoS.CO.SUCBs-West/S2399/12.22.159/2021-22 dated December 06, 2021 had positioned Nagar Urban Co-operative Bank Ltd., Ahmednagar below Directions from the shut of business on December 06, 2021 for a interval of six months. The validity of the instructions was prolonged from time-to-time, the final being as much as September 06, 2022. 2. It is hereby notified for the knowledge of the general public that, the Reserve Bank of India, in train of powers vested in it below sub-part (1) of Section 35 A learn with Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid Directions shall proceed to use to the financial institution until December 06, 2022 as per the directive DOR.MON.D-30/12.22.159/2022-23 dated September 06, 2022, topic to overview. 3. All different phrases and circumstances of the Directives below reference shall stay unchanged. A duplicate of the directive dated September 06, 2022 notifying the above extension is displayed on the financial institution’s premises for the perusal of public 4. The aforesaid extension and /or modification by the Reserve Bank of India shouldn’t per-se be construed to suggest that Reserve Bank of India is glad with the monetary place of the financial institution. (Yogesh Dayal) Press Release: 2022-2023/831 |