{"id":224239,"date":"2020-01-15T14:00:18","date_gmt":"2020-01-15T08:30:18","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=224239"},"modified":"2020-01-15T11:29:50","modified_gmt":"2020-01-15T05:59:50","slug":"directions-under-s-35-a-read-with-s-56-of-the-banking-regulation-act-1949-kolikata-mahila-co-operative-bank-ltd-kolkata-west-bengal-extension-of-period-of-directions","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/15\/directions-under-s-35-a-read-with-s-56-of-the-banking-regulation-act-1949-kolikata-mahila-co-operative-bank-ltd-kolkata-west-bengal-extension-of-period-of-directions\/","title":{"rendered":"Directions under S. 35 A read with S. 56 of Banking Regulation Act, 1949 \u00a0\u2013 Kolikata Mahila Co-operative Bank Ltd., Kolkata &#8211; Extension of Period of Directions"},"content":{"rendered":"<p style=\"text-align: justify;\">The Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise of its powers vested in it under Sub-Section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS) from the close of business on <a class=\"links\" href=\"https:\/\/www.rbi.org.in\/Scripts\/BS_PressReleaseDisplay.aspx?prid=47552\" target=\"_blank\" rel=\"noopener noreferrer\">July 09, 2019 <\/a>which was valid till January 09, 2020. The Reserve Bank of India has now, in public interest, further extended the Directions for a period of six months from January 10, 2020 to July 09, 2020. A copy of the Directive is displayed at bank\u2019s premises for perusal of public.<\/p>\n<p style=\"text-align: justify;\">The issue of the above Directions by the Reserve Bank of India should not per se be construed as cancellation of banking licence. The bank will continue to undertake banking business with restrictions till its financial position improves. The Reserve Bank of India may consider modifications of these Directions depending upon circumstances from time to time.<\/p>\n<hr \/>\n<p><strong>Reserve Bank of India<\/strong><\/p>\n<p style=\"text-align: right;\"><strong>[Press Release dt. 14-01-2020]<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise <\/p>\n","protected":false},"author":8808,"featured_media":108551,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8051,2],"tags":[39265],"class_list":["post-224239","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business_news","category-news","tag-banking-licence"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Directions under S. 35 A read with S. 56 of Banking Regulation Act, 1949 \u00a0\u2013 Kolikata Mahila Co-operative Bank Ltd., Kolkata - Extension of Period of Directions | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/15\/directions-under-s-35-a-read-with-s-56-of-the-banking-regulation-act-1949-kolikata-mahila-co-operative-bank-ltd-kolkata-west-bengal-extension-of-period-of-directions\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Directions under S. 35 A read with S. 56 of Banking Regulation Act, 1949 \u00a0\u2013 Kolikata Mahila Co-operative Bank Ltd., Kolkata - Extension of Period of Directions\" \/>\n<meta property=\"og:description\" content=\"The Reserve Bank of India, in public interest, had issued Directions to Kolikata Mahila Co-operative Bank Limited, Kolkata, West Bengal in exercise\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.scconline.com\/blog\/post\/2020\/01\/15\/directions-under-s-35-a-read-with-s-56-of-the-banking-regulation-act-1949-kolikata-mahila-co-operative-bank-ltd-kolkata-west-bengal-extension-of-period-of-directions\/\" \/>\n<meta property=\"og:site_name\" content=\"SCC Times\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/scc.online\/\" \/>\n<meta property=\"article:published_time\" content=\"2020-01-15T08:30:18+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/02\/RBI-3.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1330\" \/>\n\t<meta property=\"og:image:height\" content=\"887\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Bhumika Indulia\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Bhumika Indulia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/01\\\/15\\\/directions-under-s-35-a-read-with-s-56-of-the-banking-regulation-act-1949-kolikata-mahila-co-operative-bank-ltd-kolkata-west-bengal-extension-of-period-of-directions\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/post\\\/2020\\\/01\\\/15\\\/directions-under-s-35-a-read-with-s-56-of-the-banking-regulation-act-1949-kolikata-mahila-co-operative-bank-ltd-kolkata-west-bengal-extension-of-period-of-directions\\\/\"},\"author\":{\"name\":\"Bhumika Indulia\",\"@id\":\"https:\\\/\\\/www.scconline.com\\\/blog\\\/#\\\/schema\\\/person\\\/919ec47cc1b871b362af05740398033a\"},\"headline\":\"Directions under S. 35 A read with S. 56 of Banking Regulation Act, 1949 \u00a0\u2013 Kolikata Mahila Co-operative Bank Ltd., Kolkata &#8211; 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