Case Brief
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 Sahakari Bank Ltd., Solapur. The extension runs from close of business on October 07, 2026 to close of business on January 07, 2027, subject to review. RBI also clarified that the extension and/or modification should not be taken to mean it is satisfied with the bank's financial position, and that all other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Solapur
- Order Date