Document title: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Extension of period for Valsad Mahila Nagrik Sahakari Bank Ltd.
Issuing authority: Reserve Bank of India
Reference numbers: Directive No. AMD.DOS.SSM.No.S831/11-03-153/2025-2026 (dated 17 Dec 2025); Directive No. DOR.MON/D-17/12-21-153/2026-27 (dated 11 Jun 2026); Press Release 2026-2027/1138
Date: 17 September 2026
Regulatory and Policy Measures
The Reserve Bank of India, exercising powers under sub‑section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, has extended the earlier directive issued to Valsad Mahila Nagrik Sahakari Bank Ltd. The extension adds a further three‑month period, moving the expiry from close of business on 18 September 2026 to close of business on 18 December 2026, subject to review. The RBI expressly states that this extension and any modification should not be construed as an indication that the RBI is satisfied with the bank’s financial position. All other terms and conditions of the original directive remain unchanged.
The extension follows a prior six‑month directive dated 17 December 2025, which was initially set to expire on 18 June 2026 and subsequently extended on 11 June 2026 to 18 September 2026. The current action reflects the RBI’s continued oversight of the cooperative bank in the public interest.
In conclusion, the RBI has granted a three‑month extension to the operational directive for Valsad Mahila Nagrik Sahakari Bank Ltd., maintaining existing conditions while emphasizing that the extension does not signify confidence in the bank’s financial health.