The Baghat Urban Co-operative Bank Limited, Solan

RBI has extended its existing directions on The Baghat Urban Co-operative Bank Limited, Solan for another three months. The terms of the directive remain unchanged.

The bank continues to operate under the same RBI-imposed restrictions until close of business on October 08, 2026, subject to review. Customers and counterparties remain affected by whatever operational conditions were already in place under the directive, with no relaxation announced 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 existing Directions on The Baghat Urban Co-operative Bank Limited, Solan for another three months. The restriction now runs until close of business on July 08, 2026.

The bank must continue to operate under the existing RBI directions without any change in the underlying conditions until close of business on July 08, 2026, unless RBI reviews or modifies them earlier. This means ongoing operational constraints remain in force for the bank and, depending on the original directive, may continue to affect customers and counterparties interacting with it.

• 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 The Baghat Urban Co-operative Bank Ltd., Solan under Section 35A restrictions. The bank faces limits on lending, fresh deposits, liabilities, asset disposals, and withdrawals capped at ₹10,000 per depositor account.

The bank must operate under tight RBI-imposed constraints for six months from the close of business on October 8, 2025 unless modified earlier. Depositors can withdraw only up to ₹10,000 from each savings/current/other account subject to conditions, while the bank cannot expand lending, accept fresh deposits, or freely use its assets without RBI approval.

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

RBI imposed a monetary penalty of ₹8 lakh on The Baghat Urban Co-operative Bank Limited, Solan. The penalty was for non-compliance with specific RBI directions issued under the Supervisory Action Framework.

The bank must absorb the penalty and continue complying with RBI's SAF directions and other regulatory requirements. The action does not invalidate any customer transaction or agreement, but it signals ongoing supervisory concern over compliance failures.

• section 35A
• section 36 (1) (a) read with section 56
• section 47 A (1) (c) read with section 46 (4) (i) and section 56 of the Banking Regulation Act, 1949

RBI imposed a ₹3 lakh penalty on The Baghat Urban Co-operative Bank Limited, Solan. The action was for non-adherence to RBI directions issued under the Supervisory Action Framework.

The bank must absorb the monetary penalty and continue complying with RBI's SAF directions and broader regulatory requirements. No customer-facing restriction is described in this release, but the finding signals continued supervisory scrutiny and compliance obligations for the bank.

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

RBI imposed a ₹15 lakh penalty on The Baghat Urban Co-operative Bank Limited, Solan, Himachal Pradesh. The bank was found non-compliant with RBI directions on asset classification, provisioning, NPAs, and exposure norms.

The bank must absorb the penalty and continue operating, but the action signals supervisory non-compliance and may invite closer regulatory scrutiny. There is no stated restriction on operations or customer activity in this release, only the financial penalty and the compliance findings underlying it.

• Section 47 A (1) (c)
• Section 46 (4) (i)
• Section 56 of the Banking Regulation Act, 1949