Pusad Bank’s regulatory directions extended again
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On November 5, 2026, the Reserve Bank of India (RBI) issued a notice extending the regulatory directions imposed on The Pusad Urban Co-operative Bank Ltd. for another three months. The original period was set to expire at the close of business on November 7, 2026, and has now been extended until the close of business on February 7, 2027, subject to review during the period. The RBI also clarified that this extension should not be construed as indicating that it has approved the bank’s financial position; all other terms of the regulatory directions remain unchanged.
AI-written from reports · updated 3 hours ago
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- Reserve Bank of India — Press releasesRBI extends regulatory directions for The Pusad Urban Co-operative Bank Ltd. by three months to February 7, 2027
RBI has extended the regulatory directions for The Pusad Urban Co-operative Bank Ltd. by another three months, from the close of business on November 7, 2026 to the close of business on February 7, 2027, pending review. The extension should not be construed as RBI having approved the bank’s financial position; all other terms of the directions remain unchanged.
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