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 Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra. The earlier directive, dated October 06, 2025, had been valid until the close of business on April 07, 2026. RBI has now extended the same directive for a further three months, until the close of business on July 07, 2026, subject to review, and has stated that all other terms and conditions remain unchanged. The release adds that the extension should not be interpreted as RBI being satisfied with the bank's financial position.