Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Samarth Urban Co-operative Bank Ltd., Osmanabad (Maharashtra), – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra, vide Directive No. NGP.DOS.SSM1.No.S581/15-04-381/2025-2026 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 business on…
The Reserve Bank of India has extended the period of a directive issued to Samarth Urban Co-operative Bank Ltd., located in Osmanabad, Maharashtra, under Section 35A of the Banking Regulation Act, 1949, read with Section 56. This directive, initially set to expire on October 07, 2026, has now been extended until January 07, 2027.
The extension is for a period of three months, subject to a review. The Reserve Bank of India maintains that this extension is in the public interest, but this does not indicate satisfaction with the bank's financial status. The 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.
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