Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Kanaka Pattana Sahakara Bank Niyamita, Davangere - Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Kanaka Pattana Sahakara Bank Niyamita, Davangere vide Directive No.BLR.DOS.QAG.No.S1362/12-07-248/2025-2026 dated March 11, 2026 for a period of six months up to close of business on September 12, 2026. The Reserve Bank of India is satisfied that in the public interest, it is…
The Reserve Bank of India has announced an extension of the directive issued to Kanaka Pattana Sahakara Bank Niyamita, Davangere under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directive, originally set to expire on September 12, 2026, will now be extended for a period of three months, until December 12, 2026.
This decision was made with the public interest in mind and will be subject to a review. The Reserve Bank of India clarified that this extension does not imply satisfaction with the bank's financial position. All other terms and conditions of the directive remain unchanged.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
This story
This is one outlet's version. Read the fullest account.
