Sonpeth Nagari Sahakari Bank Maryadit

RBI has extended the existing Directions on Sonpeth Nagari Sahakari Bank Maryadit for another three months. The earlier operating conditions remain unchanged.

The bank remains under the same RBI-imposed operating restrictions until October 30, 2026, subject to review. The extension continues to constrain the bank’s operations under the existing directive, with implications for the bank and its customers, while no new terms were introduced in this release.

• 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 Section 35A/56 directions against Sonpeth Nagari Sahakari Bank Maryadit for another three months. The existing terms remain unchanged.

The bank remains under RBI-imposed operating directions through July 30, 2026 and must continue to comply with the unchanged conditions of the directive. The restriction continues to affect the bank's operations and may indirectly impact customers and counterparties depending on the terms of the directions.

• 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 Sonpeth Nagari Sahakari Bank Maryadit for three more months. The earlier terms continue unchanged.

The bank remains under the same RBI operating restrictions until April 30, 2026, unless further revised or withdrawn. Any depositors, borrowers, and counterparties continue to be affected by the unchanged directive terms during the extended period.

• 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 Sonpeth Nagari Sahakari Bank Maryadit under Section 35A directions, sharply restricting lending, investments, liabilities, fresh deposits, and withdrawals. The bank can continue limited banking activity only within the specified conditions.

The bank remains operational but under tight RBI controls: it cannot freely expand lending, take new deposits, incur new liabilities, or permit depositor withdrawals except as allowed in the directions. Depositors face withdrawal restrictions, though eligible depositors may claim insurance up to Rs 5 lakh through DICGC, and RBI may modify the restrictions depending on the bank's financial condition.

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