Directions issued to the Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. – Kolhapur, Maharashtra – Extension of Period
Case Brief
The Reserve Bank of India notified that the Directions previously placed on Shivam Sahakari Bank Ltd., Ichalkaranji, District Kolhapur, Maharashtra, would continue to apply until November 30, 2019, subject to review. The extension was issued under Section 35A of the Banking Regulation Act, 1949 read with Section 56, and the release notes that the extension should not be construed as RBI being satisfied with the bank's financial position.
RBI had already placed Shivam Sahakari Bank Ltd., Ichalkaranji, District Kolhapur, Maharashtra, under Directions from the close of business on May 19, 2018. By the present notice, RBI states that the same directive shall continue to apply to the bank till November 30, 2019, subject to review, under Section 35A of the Banking Regulation Act, 1949 read with Section 56 of the Act.
Severity Assessment
This is an extension of RBI Directions under Section 35A on a cooperative bank, which is treated as a broad business restriction with severity 4.
The bank remains under the same RBI-imposed operational restrictions through November 30, 2019, unless further modified or withdrawn on review. Depositors, customers, and counterparties continue to be affected by the existing conditions imposed under the Directions.
Published as Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. – Kolhapur, Maharashtra
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
Shivam Sahakari Bank Ltd., Ichalkaranji, Dist: Kolhapur, Maharashtra
Business restriction · Extension
Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra
Business restriction · Extension
Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra
Business restriction · Extension
Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra
Business restriction · Extension
Shivam Sahakari Bank Ltd., Ichalkaranji, Dist. - Kolhapur, Maharashtra
Business restriction · Extension
© 2026 RegOversight by OddVector