Document title: Directions under Section 35A read with Section 56 – Extension for Pusad Urban Co‑operative Bank Ltd.
Issuing authority: Reserve Bank of India
Reference: Directive No. NGP.DOS.SSM3.No.S611/5-04-166/2025-2026 (06‑Nov‑2025); Directive No. DOR.MON/D-11/12-22-635/2026-27 (30‑Apr‑2026)
Date: 04‑Aug‑2026
Regulatory and Policy Measures
The RBI, exercising powers under sub‑section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, extends the existing directive for The Pusad Urban Co‑operative Bank Ltd. for an additional three months, moving the expiry from close of business on 7 August 2026 to close of business on 7 November 2026, subject to review. This follows an earlier six‑month directive dated 6 November 2025, which was first extended to 7 May 2026 and subsequently to 7 August 2026 on 30 April 2026. The RBI expressly states that the extension should not be construed as an indication of satisfaction with the bank’s financial position, and all other terms and conditions of the original directive remain unchanged.
In conclusion, the RBI continues to monitor the bank’s situation, maintaining the regulatory framework while providing a further operational window until 7 November 2026.