Case Brief
What Happened
The Reserve Bank of India has extended the period of operation of its earlier directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Lokapavani Mahila Sahakari Bank Niyamitha, Mandya. The original directive dated July 29, 2025 had been in force up to close of business on January 30, 2026; the RBI has now extended it for a further three months, up to close of business on April 30, 2026, subject to review. The RBI states that the extension and/or modification should not be construed as implying satisfaction with the bank's financial position, and all other terms and conditions remain unchanged.