Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, Madhya Pradesh – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, Madhya Pradesh, vide Directive No. BPL.DOS. SED. No. S1638/ 12-07-054/2025-26 dated October 06, 2025, for a period of six months up to the close of business on April 07, 2026, which were last extended up to the close of…
The Reserve Bank of India has extended the period of operation of a directive issued to Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, Madhya Pradesh, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directive, initially issued on October 06, 2025, was last extended until October 07, 2026, and has now been further extended by three months, until January 07, 2027.
The Reserve Bank of India has not deemed this extension to imply satisfaction with the bank's financial position. All other terms and conditions of the directive remain unchanged.
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