Case Brief
What Happened
The Reserve Bank of India has further extended the period of operation of its existing Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Samarth Sahakari Bank Ltd., Solapur, Dist. Solapur, Maharashtra. The directive, originally issued on October 06, 2025 and last extended up to July 07, 2026, now continues unchanged until the close of business on October 07, 2026, subject to review. RBI also clarified that the extension does not imply satisfaction with the bank's financial position.