Case Brief
The Reserve Bank of India has further extended the existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 in respect of Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra. The extension runs from close of business on October 07, 2026 to close of business on January 07, 2027, subject to review. RBI clarifies that the extension does not imply satisfaction 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
- Osmanabad, Maharashtra
- Order Date