RBI press-release 2026-2027/1250 · 05 Oct 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 existing regulatory directions for The Baghat Urban Co-operative Bank Limited, Solan. The extension lasts for three months. The period of operation now continues from the close of business on October 08, 2026, until the close of business on January 08, 2027. 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.
Key dates
Who is affected
October 05, 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-22/12.28.302/2026-27 dated July 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 October 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 October 08, 2026 to close of business on January 08, 2027, 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: 2026-2027/1250 Chief General Manager
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