The Reserve Bank of India (RBI) has extended the validity of regulatory restrictions imposed on Nasik Jilha Mahila Vikas Sahakari Bank Ltd., Nashik, for a further period of three months, till the close of business on September 9, 2026.
The restrictions were originally imposed under Section 35A read with Section 56 of the Banking Regulation Act, 1949 through a directive issued on December 8, 2025, and were scheduled to remain in force until June 9, 2026. Following a review, the RBI has decided to continue the directive in the public interest.
According to the central bank, the extension has been granted to safeguard the interests of depositors and ensure prudent oversight of the bank’s operations. All terms and conditions of the existing directive will remain unchanged during the extended period.
The RBI clarified that the extension of the directive should not be interpreted as an indication that it is satisfied with the financial position of the bank. The bank’s situation will continue to be monitored, and the restrictions will remain subject to further review.
