Case Brief
What Happened
The Reserve Bank of India extended the existing Directions applicable to Sarvodaya Co-operative Bank Ltd., Mumbai. The bank had first been placed under Directions on April 15, 2024, and those Directions had already been extended earlier; this latest order continues them from the close of business on October 15, 2025 through the close of business on January 15, 2026. The release states that the action is taken under Section 35A read with Section 56 of the Banking Regulation Act, 1949, and that all other terms and conditions remain unchanged.