{
  "id": 12124621,
  "title": "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Samarth Sahakari Bank Ltd., Solapur – Extension of Period",
  "url": "https://urgent.news/2026/10/05/directions-under-section-35a-read-with-section-56-of-the-banking-12124621",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-05T10:14:48.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63729"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India has extended the directive under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for Samarth Sahakari Bank Ltd., Solapur, according to Directive No. NGP.DOS.SSM 2.No.S580/15-03-614/2025-2026. This extension was last granted until October 07, 2026, following an earlier extension. The Reserve Bank of India has decided to further extend the directive's period by three months, until January 07, 2027, subject to a review. This decision was made in the public interest, though it does not indicate the bank's financial position. The terms and conditions of the directive remain unchanged.",
  "summary": "The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Samarth Sahakari Bank Ltd., Solapur, vide Directive No. NGP.DOS.SSM 2.No.S580/15-03-614/2025-2026 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 October 07, 2026, vide…",
  "key_points": [
    "Extension period further extended by three months, now until January 07, 2027.",
    "Decision made in public interest, bank's financial position not indicated."
  ],
  "editors_take": null,
  "illustration": "https://urgent.news/ill/12124621.png",
  "coverage": {
    "outlets": 3,
    "also_reported_by": [
      {
        "outlet": "Reserve Bank of India",
        "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",
        "published": "2026-10-05T08:54:18.000Z"
      },
      {
        "outlet": "Global Finance",
        "title": "ING’s Tibor Bartels on Transaction Banking as the Heartbeat of the Bank",
        "url": "https://urgent.news/2026/10/05/ings-tibor-bartels-on-transaction-banking-as-the-heartbeat-of-the-bank",
        "published": "2026-10-05T11:05:13.000Z"
      }
    ]
  },
  "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."
}