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(27/03/2026 13:51)

RBI extends directions on Shree Mahalaxmi Urban Co-operative Credit Bank Till June 27, 2026

The Reserve Bank of India (RBI) has extended regulatory directions imposed on Shree Mahalaxmi Urban Co-operative Credit Bank Ltd. for an additional three months.

The directives, originally issued under the Banking Regulation Act, 1949, were set to expire on March 27, 2026. They will now remain in force until June 27, 2026, subject to further review.

The RBI clarified that the extension has been made in public interest and should not be interpreted as an indication of satisfaction with the bank’s financial position. All other terms and conditions of the existing directions remain unchanged.
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