Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Saibaba Janata Sahakari Bank Limited, Latur – Withdrawal of Directions

News Financial services General Updates

Date: 26th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

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"On November 26, 2024, the Reserve Bank of India issued an update regarding Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Saibaba Janata Sahakari Bank Limited, Latur – Withdrawal of Directions. The RBI withdrew the directions issued to Saibaba Janata Sahakari Bank Limited, Latur, effective from the close of business on November 26, 2024, after reviewing the bank's financial position."

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Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Saibaba Janata Sahakari Bank Limited, Latur – Withdrawal of Directions

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Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Saibaba Janata Sahakari Bank Limited, Latur – Withdrawal of Directions

Brief

Reserve Bank of India

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