Case Brief
What Happened
The Reserve Bank of India has extended the operation of its earlier Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District. The extension runs from close of business on November 24, 2025 to close of business on May 24, 2026, subject to review. RBI notes that the extension should not be taken to mean it is satisfied with the bank’s financial position, and all other terms and conditions of the original directive continue unchanged.