Case Brief
The Reserve Bank of India has further extended the period of operation of the Directions previously issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Baghat Urban Co-operative Bank Limited, Solan. The extension runs from close of business on October 08, 2026 to close of business on January 08, 2027. RBI specifically states that the other terms and conditions of the directive remain unchanged and that the extension should not be construed to mean that RBI is satisfied with the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Solan, Himachal Pradesh
- Order Date