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notificationRBIFriday, 17 July 2026

Directions under Section 35 A read with section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd. Nashik

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Official government notification — a formal executive order that operationalises policy decisions. Carries legal weight and specifies rules, dates, exemptions, or procedural requirements.
Summary
It is hereby notified for the information of the public that in exercise of powers vested in it under sub-section (1) of Section 35 A of the Banking Regulation Act, 1949, read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CO.DOS.SED.No.S2909/12-22-395/2026-2027 dated July 16, 2026, has issued certain Directions to Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd. Nashik (“the bank”), whereby, as from the close of
Key Facts
TypeNotification
SourceReserve Bank of India
PublishedFriday, 17 July 2026
Affected Population1.4 billion citizens, 63 million MSMEs
Key Numbers
GDP: $3.9 trillion (2025 est.)
Fiscal deficit target: 4.4% of GDP
GST collection: Rs 1.87 lakh crore/month avg
Rs 15,000 crore for Digital India initiatives
Key Authorities
Ministry of FinanceRBISEBIDEAMinistry of Electronics & IT
Key Stakeholders
TaxpayersBanks & NBFCsInvestorsInternet UsersTech CompaniesStartups
Government Context
NDA IIIBJP-led NDA
Centre-Right
LeftCentreRight
Explore Sectors
Finance & Economy478 tracked→Digital & Technology1215 tracked→Social Protection1080 tracked→
Read Full Text at Source
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