Case Brief
What Happened
The Reserve Bank of India has extended the period of operation of its existing Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 issued to Samarth Sahakari Bank Ltd., Solapur, Dist. Solapur, Maharashtra. The original directive dated October 06, 2025 was valid up to April 07, 2026; RBI has now continued it for a further three months up to July 07, 2026, subject to review. All other terms and conditions remain unchanged, and RBI clarified that the extension should not be read as satisfaction with the bank's financial position.