Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Harihareshwar Sahakari Bank Limited, Wai, Satara - Extension of period
Case Brief
The Reserve Bank of India extended the Section 35A read with Section 56 directions already applicable to Harihareshwar Sahakari Bank Limited, Wai, Satara. The bank had earlier been placed under directions from the close of business on May 31, 2022, and the new directive states that those directions will continue to apply until February 28, 2023, subject to review. All other terms and conditions of the directions remain unchanged.
The Reserve Bank of India had placed Harihareshwar Sahakari Bank Limited, Wai, Satara under Directions from the close of business on May 31, 2022. By the current directive under Section 35A read with Section 56 of the Banking Regulation Act, 1949, RBI states that those Directions shall continue to apply till February 28, 2023, subject to review, with all other terms and conditions unchanged.
Severity Assessment
This is an extension of RBI Section 35A Directions on a cooperative bank, which is treated as a broad business restriction with severity 4.
The bank remains subject to the existing RBI operating restrictions through February 28, 2023, unless reviewed earlier. Customers and counterparties continue to be affected by whatever operational constraints are contained in the underlying directions, which remain in force without modification.
Published as Harihareshwar Sahakari Bank Limited
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
Harihareshwar Sahakari Bank Limited, Wai, Satara
Business restriction · Extension
Harihareshwar Sahakari Bank Ltd., Wai, Satara
License cancellation · Fresh imposition
Harihareshwar Sahakari Bank Limited, Wai, Satara
Business restriction · Extension
Harihareshwar Sahakari Bank Limited, Wai, Satara
Business restriction · Fresh imposition
© 2026 RegOversight by OddVector