Case Brief
What Happened
The Reserve Bank of India has extended the existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra. The earlier directive, last extended up to the close of business on January 08, 2026, is now extended further for three months until the close of business on April 08, 2026, subject to review. RBI states that all other terms and conditions of the directive remain unchanged and notes that the extension should not be construed as satisfaction with the bank’s financial position.