The Reserve Bank of India (RBI) has extended the period of directions imposed on The Valsad Mahila Nagrik Sahakari Bank Ltd., Valsad, Gujarat, for a further three months.
The directions, which were due to remain in force until the close of business on September 18, 2026, have now been extended until the close of business on December 18, 2026, subject to review.
The RBI said the extension has been made in the public interest under Section 35A read with Section 56 of the Banking Regulation Act, 1949.
The central bank clarified that the extension or modification of the directions does not, by itself, imply that the RBI is satisfied with the financial position of the bank. All other terms and conditions of the existing directions will remain unchanged.