Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi

RBI has extended the existing directions on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi until June 14, 2025. The earlier terms continue unchanged.

The bank must continue operating under the existing RBI restrictions until close of business on June 14, 2025, unless reviewed or modified earlier. There is no change in the scope of restrictions, but the extension prolongs constraints on the bank and may continue to affect customers and counterparties subject to those directions.

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

RBI has extended the Section 35A directions on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi until March 14, 2025. The existing terms and conditions remain unchanged.

The bank remains under RBI-imposed operating restrictions through March 14, 2025, and must continue complying with the existing directions without change. The extension preserves the forward-looking constraints on the bank’s operations and affects its customers and counterparties accordingly; the release does not indicate any easing of restrictions.

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

RBI extended the existing Section 35A directions on Sawantwadi Urban Co-operative Bank Ltd. The directions will continue until close of business on December 14, 2024.

The bank remains under the existing RBI operating directions through close of business on December 14, 2024, unless further modified or withdrawn. The extension continues the bank’s restricted operating regime and affects the bank’s operations and customers under the same conditions already in force.

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

RBI extended the Section 35A directions on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi. The existing restrictions will continue unchanged until September 14, 2024.

The bank remains under RBI-imposed operational constraints for the extension period ending September 14, 2024. Any restrictions already contained in the underlying directions continue to apply to the bank, and the public is informed that the extension does not indicate RBI satisfaction with the bank's financial position.

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

RBI extended the Section 35A directions on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi until June 14, 2024. The existing terms continue unchanged.

The bank must continue operating under the same RBI-imposed directions through June 14, 2024, subject to review. Customers and counterparties remain affected by whatever operational limits were already in place under the earlier directions.

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

RBI extended the existing directions on Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi. The order continues from December 14, 2023 to March 14, 2024, subject to review.

The bank remains under RBI directions for the extension period and must continue to comply with the unchanged operating conditions until close of business on March 14, 2024, subject to any further review. The restriction affects the bank's operations and its customers, who remain subject to the existing limitations under the directions.

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

RBI issued Section 35A directions against Sawantwadi Urban Co-operative Bank Ltd., Sawantwadi, curbing lending, investment, liability-taking, fresh deposits and certain payments. The order also restricted depositor withdrawals, subject to stated conditions, for six months from June 14, 2023.

The bank must operate under RBI-imposed restrictions and cannot freely grow liabilities, lend, invest, or dispose of assets without approval. Depositors face withdrawal constraints, although eligible depositors may access DICGC insurance up to ₹5 lakh and certain loan-setoff options apply under the directions. The restrictions remain in force for six months from June 14, 2023 unless modified by RBI.

• Section 35 A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949
• Section 18A of the DICGC Act (amendment) 2021

RBI imposed a ₹3 lakh penalty on Sawantwadi Urban Co-operative Bank Ltd. for breaching Supervisory Action Framework directions. The bank had extended fresh loans outside the permitted category and offered higher term-deposit rates than SBI.

The bank must absorb the ₹3 lakh penalty and remain compliant with the existing SAF directions. The release does not describe a new operational ban, but it reinforces that future lending and deposit-rate actions must stay within the framework restrictions; customers may be affected to the extent the bank continues under those supervisory constraints.

• Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949
• section 36 (1) read with section 56 of the Banking Regulation Act, 1949