Neutral impactEconomy
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – Sri Mahatma Basaveshwar Co-operative Bank Ltd., Afzalpur
RBI 45 min ago·8 Oct 2026, 12:02 pm
Bank of IndiaIt is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. BLR.DOS.SSMS.No.S1220/09-01-243/2026-2027 dated October 07, 2026, has issued certain Directions to Sri Mahatma Basaveshwar Co-operative Bank Ltd., Afzalpur, (“the bank”), whereby, as from the close of business on October 08, 2026, the bank shall not,
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Key takeaways
- Concerns Bank of India (BANKINDIA).
- Category: Economy.
Why it matters
A routine update for Bank of India. Use the price and stock snapshot to gauge how the market is responding.
