RBI Extends Shree Mahalaxmi Bank Directive

RBI extended the operational directive for Shree Mahalaxmi Urban Co-operative Credit Bank from March 27, 2026 to June 27, 2026.
The extension adds a three‑month period, subject to review, without altering any other terms and conditions of the original directive.
RBI clarified that the extension does not imply satisfaction with the bank’s financial position, emphasizing continued supervisory oversight.