{
  "id": 12110432,
  "title": "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Baghat Urban Co-operative Bank Limited, Solan- Extension of Period",
  "url": "https://urgent.news/2026/10/05/directions-under-section-35a-read-with-section-56-of-the-banking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T08:54:18.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63728"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India has extended the period of the directive for The Baghat Urban Co-operative Bank Limited, Solan, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, according to a press release on October 06, 2025. This extension is valid until April 08, 2026, and is part of a series of extensions previously announced on July 01, 2026. The decision to extend the directive further was made by the Reserve Bank of India after careful consideration, as they believe it is in the public interest. On October 08, 2026, the directive will be extended again for an additional period of three months, until January 08, 2027. However, this extension does not imply that the bank's financial position is satisfactory. The other terms and conditions of the directive remain unchanged, as specified in the directive issued by the Reserve Bank of India.",
  "summary": "The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Baghat Urban Co-operative Bank Limited, Solan vide Directive SML.DCBS.CRRB.No.S79/02-31-005/2025-2026 dated October 06, 2025, for a period of 06 months from close of business on October 08, 2025 up to close of business on April 08, 2026, which was last extended vide…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reserve Bank of India",
        "title": "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Limited, New Delhi – Extension of Period",
        "url": "https://urgent.news/2026/10/05/directions-under-section-35a-read-with-section-56-of-the-banking-12110433",
        "published": "2026-10-05T08:54:18.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}