RBI press-release 2026-2027/1102 · 11 Sept 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik – Extension of Period
Summary
Check the official recordThe Reserve Bank of India extends the existing regulatory directions for Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad. The extension lasts for three months. The period begins at the close of business on September 16, 2026. The period ends at the close of business on December 16, 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
September 11, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik, vide Directive No. CO.DOS.SED. No. S6986/ 12-22-482/2025-2026 dated December 15, 2025, for a period of six months up to the close of business on June 16, 2026, which were last extended up to the close of business on September 16, 2026, vide Directive No. DOR.MON/D-15/12-22-488/ 2026-27 dated June 08, 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 16, 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 16, 2026, to close of business on December 16, 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)
Chief General Manager
Press Release: 2026-2027/1102
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