Case Brief
What Happened
The Reserve Bank of India has extended the period of operation of its existing Directions issued to The Yashwant Co-operative Bank Ltd., Phaltan under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The earlier directive, dated May 28, 2025, had been valid up to close of business on November 29, 2025; RBI has now continued it for a further three months until close of business on February 28, 2026, subject to review. The release expressly says that all other terms and conditions of the directive remain unchanged.