The Reserve Bank of India has extended regulatory restrictions on the Pusad Urban Co-operative Bank Ltd., Pusad (Yavatmal district, Maharashtra), for a further three months, citing public interest.
The Directions, originally imposed under Section 35A read with Section 56 of the Banking Regulation Act, 1949 on November 6, 2025, were set to expire on May 7, 2026. These will now remain in force until August 7, 2026, subject to review.
RBI clarified that all existing terms and conditions of the directive will continue unchanged during the extended period. Such directions typically place restrictions on lending, withdrawals, or operational activities to safeguard depositor interests and ensure financial discipline.
Importantly, the central bank emphasized that the extension should not be interpreted as a sign of satisfaction with the bank’s financial health, indicating continued supervisory concern.
