July 24, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani,
Maharashtra – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949 to Sonpeth Nagari Sahakari Bank Maryadit,
Sonpeth,
Dist.
Parbhani,
Maharashtra
vide
Directive
No.
NGP.DOS.SSM
3.No.S403/15-04-395 /2025-2026 dated July 29, 2025 for a period of six months up
to close of business on January 30, 2026, which was last extended up to the close of
business on July 30, 2026 vide Directive No. DOR.MON/D-09/12.22.718/2026-27
dated April 22, 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 30, 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 July 30, 2026, to close of business on October 30, 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: 2026-2027/750 Chief General Manager
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