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RBI extends restrictions on Nasik cooperative bank for third time
Reserve Bank of India — Press ReleasesHI·IN·2 days ago
The Reserve Bank of India extended its directions under the Banking Regulation Act on the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, beyond September 11, 2026. The extension indicates continued financial weakness or governance issues at the bank, though specific reasons are not disclosed. This is a routine regulatory action for a small co-operative bank, with limited systemic impact.
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