Samarth Sahakari Bank Limited, Solapur, Maharashtra

RBI extended its existing directions on Samarth Sahakari Bank Ltd., Solapur for another three months. The underlying restrictions remain in force unchanged.

The bank remains subject to the same operational restrictions under the RBI directive until January 07, 2027, unless the RBI reviews and changes it earlier. The action continues to affect the bank's operations and, indirectly, its customers and counterparties who deal with the bank under the constrained regime.

• 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 extended its existing directions on Samarth Sahakari Bank Ltd., Solapur for another three months, up to October 07, 2026.

The bank continues to operate under the same RBI-imposed conditions until October 07, 2026. Any operational limitations, if already present in the underlying directive, remain in force for the bank and affect its customers and counterparties accordingly; no other terms were changed.

• 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 has extended its existing directions on Samarth Sahakari Bank Ltd., Solapur, for another three months. The earlier restrictions remain in force unchanged until July 07, 2026.

The bank must continue operating under the same RBI-imposed restrictions through July 07, 2026, subject to further review. Customers, especially depositors and other stakeholders, remain affected by the unchanged operational constraints until the directive is revised or withdrawn.

• Section 35A of the Banking Regulation Act, 1949
• 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 Samarth Sahakari Bank Ltd., Solapur under restrictive Section 35A directions. The bank cannot take on new liabilities or allow depositor withdrawals, subject to limited exceptions.

The bank must operate under severe liquidity and business constraints and cannot freely accept deposits, disburse funds, or expand lending without prior RBI approval. Depositors are unable to withdraw money from affected accounts except as permitted under the directions, though eligible depositors may seek DICGC insurance cover up to ₹5 lakh, subject to the applicable process and verification. The restrictions remain in force for six months unless modified earlier by RBI.

• Section 35 A read with Section 56 of the Banking Regulation Act, 1949
• DICGC Act, 1961

RBI imposed a monetary penalty of Rs 4.50 lakh on Samarth Sahakari Bank Limited, Solapur. The action followed violations of statutory provisions and RBI directions relating to capital, lending limits, and deposit-related instructions.

The bank must absorb the monetary penalty and remain compliant with the cited RBI directions and statutory provisions. The order does not itself impose a new operational restriction, but it underscores supervisory concerns around capital adequacy, lending practices, and deposit-rate compliance, with possible further RBI action if violations continue.

• section 12(2) read with section 56 of the Banking Regulation Act, 1949
• section 47A(1)(c) read with sections 46(4)(i) and 56 of the BR Act

RBI imposed a ₹50,000 penalty on Samarth Sahakari Bank Limited, Solapur, Maharashtra. The bank was found non-compliant with RBI directions on exposure norms and related restrictions for UCBs.

The bank must absorb the monetary penalty; no restriction on operations is stated in this release. The action does not by itself invalidate customer transactions, but it signals continued regulatory scrutiny and the possibility of further RBI action for the same or related compliance issues.

• section 47A (1)(c) read with sections 46(4)(i) and 56 of the Banking Regulation Act, 1949