The Reserve Bank of India (RBI) has extended the period of operation of the directive issued to The Pusad Urban Co-operative Bank Ltd., Pusad, District Yavatmal, Maharashtra. According to the release, the directions were originally issued on November 6, 2025, and previously extended.
The RBI stated that it is necessary in the public interest to further extend the directive for a period of three months. The restrictions will now remain in effect from the close of business on November 7, 2026, to the close of business on February 7, 2027, subject to review. The central bank clarified that this extension does not mean it is satisfied with the bank’s financial position. All other terms and conditions of the directive remain unchanged.
What it means
- The directive on the bank has been extended for three months until the close of business on February 7, 2027.
Source
Reserve Bank of India, “Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Pusad Urban Co-operative Bank Ltd., Pusad, Dist. Yavatmal, Maharashtra – Extension of Period” dated 5 November 2026. Read the original release.
Summary of an official release for general information only. Not investment advice. Read the original source before acting on any information.
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