Case Brief
What Happened
The Reserve Bank of India has extended the period of its existing Directions against Sarvodaya Co-operative Bank Ltd., Mumbai. The bank had originally been placed under Directions on April 15, 2024, and that order had already been modified and extended multiple times; this latest notification continues the same Directions from close of business on April 15, 2026 to close of business on July 15, 2026, subject to review. RBI says all other terms and conditions remain unchanged, and the press release cautions that the extension should not be taken to mean RBI is satisfied with the bank’s financial position.