RBI press-release 2026-2027/1087 · 10 Sept 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Kanaka Pattana Sahakara Bank Niyamita, Davangere - Extension of Period
Summary
Check the official recordThe Reserve Bank of India extends the regulatory directions for Kanaka Pattana Sahakara Bank Niyamita, Davangere. 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 new period ends at the close of business on December 12, 2026. This extension remains subject to review. The extension does not indicate that the Reserve Bank of India is satisfied with the financial position of the bank. All other terms and conditions of the original directive remain unchanged.
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September 10, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Kanaka Pattana Sahakara Bank Niyamita, Davangere - Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Kanaka Pattana Sahakara Bank Niyamita, Davangere vide Directive No.BLR.DOS.QAG.No.S1362/12-07-248/2025-2026 dated March 11, 2026 for a period of six months up to close of business on September 12, 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 September 12, 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 three months from close of business on September 12, 2026 to close of business on December 12, 2026, subject to review.
The aforesaid extension and /or modification 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: 2026-2027/1087 Chief General Manager
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