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RBI extends restrictions on Nasik cooperative bank for third time

RBI has extended regulatory directions on Nasik Jilha Mahila Vikas Sahakari Bank Ltd. until September 9, 2026, continuing restrictions on its operations. The repeated extensions indicate persistent financial weakness or governance issues at the bank. This is a routine supervisory action with limited systemic impact.

Reserve Bank of India — Press Releases2 days agoINengCredibility 87%View source

Score Breakdown

Mosaic Score2.2
Confidence0.9
Significance0.1
Source credibility0.9

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Nasik

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