It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No. S4800/12-23-151/2024-2025 dated September 26, 2024, has issued certain Directions to Shree Mahalaxmi Urban Co-operative Credit Bank Ltd., Gokak, (the bank) whereby, as from the close of business on September 27, 2024, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated September 26, 2024. Considering the bank's present liquidity position, the bank has been directed not to allow withdrawal of any amount from savings bank, current accounts or any other account of a depositor, but set off of loans against deposits is allowed, subject to the conditions stated in the above RBI Directions. The bank may incur expenditure in respect of certain essential items such as salaries of employees, rent, electricity bills, etc. as specified in the said Directions.

भारतीय रिज़र्व बैंक ने बैंककारी विनियमन अधिनियम, 1949 की धारा 56 के साथ पठित धारा 35ए के अंतर्गत दिनांक 25 सितंबर 2023 के निदेश सं. AMD.DOS.SSM.No.S1053/11-03-039/2023-2024 द्वारा कलर मर्चेंट्स को-ऑपरेटिव बैंक लिमिटेड, अहमदाबाद को 25 मार्च 2024 को कारोबार की समाप्ति तक छह माह की अवधि के लिए निदेश जारी किए थे जिन्हें पिछली बार दिनांक 24 जून 2024 के निदेश DOR.MON.D-29/12.21.039/2024-25 द्वारा 25 सितंबर 2024 तक बढ़ाया गया था।