Reserve Bank of India – Press Releases

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Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan was positioned underneath All-Inclusive Directions from shut of business on November 09, 2018 for a interval of six months topic to assessment, vide Directive dated October 26, 2018. The validity of the instructions was final prolonged vide Directive dated June 07, 2022 for 3 months as much as September 09, 2022, topic to assessment.

It is hereby notified for the data of the general public that, the Reserve Bank of India, in train of powers vested in it underneath sub-part (1) of Section 35 A of Banking Regulation Act, 1949 (AACS) learn with Section 56 of the Banking Regulation Act, 1949, hereby directs that the Directive dated October 26, 2018, issued to the above financial institution, the validity of which was final prolonged as much as September 09, 2022, shall proceed to use to the financial institution for an extra interval of three months from September 10, 2022 to December 09, 2022, vide Directive dated September 07, 2022, topic to assessment.

All the opposite phrases and circumstances of the Directive underneath reference shall stay unchanged. A duplicate of the above Directive dated September 07, 2022 notifying the extension is displayed on the financial institution’s premises for the perusal of public.

The aforesaid extension and/or modification by the Reserve Bank of India shouldn’t per-se be construed to indicate that Reserve Bank of India is glad with the monetary place of the financial institution.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2022-2023/859



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