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 period of its existing directions on Harihareshwar Sahakari Bank Limited, Wai, Satara, which had originally been placed under directions from the close of business on May 31, 2022. The latest directive states that the directions will continue to apply until August 31, 2023, with all other terms and conditions unchanged, under Section 35A read with Section 56 of the Banking Regulation Act, 1949.
RBI had placed Harihareshwar Sahakari Bank Limited, Wai, Satara under Directions from close of business on May 31, 2022. The validity had been extended earlier and was further extended so that the same directions continue to apply till August 31, 2023, with all other terms and conditions remaining unchanged, under Section 35A read with Section 56 of the Banking Regulation Act, 1949.
Severity Assessment
This is an RBI Section 35A directions extension on a cooperative bank, which is a broad business restriction and is assigned severity 4 regardless of any monetary amount.
The bank must continue operating under the same RBI-imposed restrictions through August 31, 2023, unless the directive is modified or withdrawn on review. Customers and other stakeholders remain subject to the operational constraints already in force.
Published as Harihareshwar Sahakari Bank Limited, Wai, Satara
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
Harihareshwar Sahakari Bank Ltd., Wai, Satara
License cancellation · Fresh imposition
Harihareshwar Sahakari Bank Limited, Wai, Satara
Business restriction · Extension
Harihareshwar Sahakari Bank Limited
Business restriction · Extension
Harihareshwar Sahakari Bank Limited, Wai, Satara
Business restriction · Fresh imposition
© 2026 RegOversight by OddVector