Reserve Bank of India Press ReleasesIndia8 October 2026
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – Sri Mahatma Basaveshwar Co-operative Bank Ltd., Afzalpur
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It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. BLR.DOS.SSMS.No.S1220/09-01-243/2026-2027 dated October 07, 2026, has issued certain Directions to Sri Mahatma Basaveshwar Co-operative Bank Ltd., Afzalpur, (“the bank”), whereby, as from the close of business on October 08, 2026 , the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, in
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