RBI press-release 2026-2027/594 · 02 Jul 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Baghat Urban Co-operative Bank Limited, Solan - Extension of Period
Summary
Check the official recordThe Reserve Bank of India extends the regulatory directions for The Baghat Urban Co-operative Bank Limited, Solan. The bank operates under these directions pursuant to Section 35A read with Section 56 of the Banking Regulation Act, 1949. The extension lasts for three months. The period begins at the close of business on July 08, 2026. The period ends at the close of business on October 08, 2026. All other terms and conditions of the original directive remain unchanged. This extension does not indicate that the Reserve Bank of India is satisfied with the financial position of the bank.
Key dates
Who is affected
July 2, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Baghat Urban Co-operative Bank Limited, Solan - Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Baghat Urban Co-operative Bank Limited, Solan vide Directive SML.DCBS.CRRB.No.S79/02-31-005/2025-2026 dated October 06, 2025, for a period of 06 months from close of business on October 08, 2025 up to close of business on April 08, 2026, which was last extended vide Directive No. DOR.MON.D-02/12.28.302/2026-2027 dated April 01, 2026. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on July 08, 2026.
Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of 03 months from close of business on July 08, 2026 to close of business on October 08, 2026, subject to review.
The aforesaid extension by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.
Other terms and conditions of the Directive under reference, shall remain unchanged.
(Brij Raj)
Press Release: 2026-2027/594 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
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