Case Brief
What Happened
The Reserve Bank of India has further extended the period of its existing Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, issued to The Yashwant Co-operative Bank Ltd., Phaltan, District Satara. The earlier directive, issued on May 28, 2025 and extended up to February 28, 2026, is now extended again for three months from close of business on February 28, 2026 to close of business on May 28, 2026, subject to review. The press release notes that the extension should not be construed as satisfaction with the bank's financial position and that all other terms and conditions remain unchanged.