{
  "id": 6743292,
  "title": "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik – Extension of Period",
  "url": "https://urgent.news/2026/09/11/directions-under-section-35a-read-with-section-56-of-the-banking-6743292",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T10:42:37.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63580"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India extended the period of operation of a directive issued to Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd. in Niphad, Nashik. This was done under Section 35A read with Section 56 of the Banking Regulation Act, 1949, as stated in Directive No. CO.DOS.SED. No. S6986/ 12-22-482/2025-2026, issued on December 15, 2025. The extension, which was previously made until September 16, 2026, was made for an additional six months, making the total period until June 16, 2026.\n\nThe Reserve Bank of India, in its exercise of powers under the mentioned sections, decided to further extend the directive for another three months, from September 16, 2026, to December 16, 2026. This extension was deemed necessary for the public interest, according to the Reserve Bank of India. However, the aforesaid extension should not be taken as an indication of the bank's financial status. The other 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 Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik, vide Directive No. CO.DOS.SED. No. S6986/ 12-22-482/2025-2026 dated December 15, 2025, for a period of six months up to the close of business on June 16, 2026, which were last extended up to…",
  "key_points": [
    "Reserve Bank extended directive for Loknete R.D. Kshirsagar Sahakari Bank.",
    "Extension period increased by six months, until June 16, 2026.",
    "Further three-month extension decided for public interest."
  ],
  "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 – The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad – Extension of Period",
        "url": "https://urgent.news/2026/09/11/directions-under-section-35a-read-with-section-56-of-the-banking",
        "published": "2026-09-11T07:14:37.000Z"
      }
    ]
  },
  "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."
}