Kanaka Pattana Sahakara Bank Niyamita, Davangere

RBI extended its existing Section 35A/56 directions on Kanaka Pattana Sahakara Bank Niyamita, Davangere for another three months. The earlier terms remain unchanged.

The bank remains subject to the existing RBI directions through December 12, 2026, with no change in the underlying restrictions. The action continues to constrain the bank’s operations under the earlier directive and remains subject to review by RBI.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI placed Kanaka Pattana Sahakara Bank Niyamita, Davangere under Section 35A restrictions. The bank faces limits on lending, investments, liabilities, fresh deposits, payments, and depositor withdrawals.

The bank remains operational but under tight restrictions from the close of business on March 12, 2026 for six months unless reviewed earlier. Depositors cannot freely withdraw funds, lending and deposit-taking are curtailed, and the bank can only conduct limited activities allowed by RBI, with monitoring continuing and possible modification later.

• Section 35 A
• Section 56 of the Banking Regulation Act, 1949