RBI press-release 2026-2027/615 · 06 Jul 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Samarth Urban Co-operative Bank Ltd., Osmanabad (Maharashtra) – Extension of Period
Summary
Check the official recordThe Reserve Bank of India extends the regulatory directions for Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra. 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 of operation ends at the close of business on October 07, 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 06, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Samarth Urban Co-operative Bank Ltd., Osmanabad (Maharashtra) – Extension of Period
The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra, vide Directive No. NGP.DOS.SSM1.No.S581/15.04.381/2025-2026 dated October 06, 2025, for a period of six months up to the close of business on April 07, 2026, which were last extended up to the close of business on July 07, 2026 vide DOR.RG/D-65/15.04.381/2025-2026 dated March 30, 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 the close of business on July 07, 2026.
Accordingly, the Reserve Bank of India, in 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 Directions for a further period of three months from the close of business on July 07, 2026, to the close of business on October 07, 2026, subject to review.
All other terms and conditions of the Directive under reference shall remain unchanged. The aforesaid extension by the Reserve Bank of India should not per-se be construed to imply that Reserve Bank of India is satisfied with the financial position of the bank.
(Brij Raj) Press Release: 2026-2027/615 Chief General Manager प्रेस प्रकाशनी PRESS RELEASE
भारतीय ǐरज़वर् बैंक
RESERVE BANK OF INDIA
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