RBI press-release 2026-2027/588 · 01 Jul 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Samarth Sahakari Bank Ltd., Solapur, Dist. Solapur, Maharashtra – Extension of Period
Summary
Check the official recordThe Reserve Bank of India extends the regulatory directions issued to Samarth Sahakari Bank Ltd., Solapur, Maharashtra. The bank operates under these directions pursuant to Section 35A read with Section 56 of the Banking Regulation Act, 1949. The Reserve Bank of India extends the current directive for three months. The extension begins after the close of business on July 07, 2026. The directive remains in effect until 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.
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Key dates
Who is affected
July 1, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Samarth Sahakari Bank Ltd., Solapur, Dist. Solapur, 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 Sahakari Bank Ltd., Solapur, Dist. Solapur, Maharashtra vide Directive No. NGP.DOS.SSM 2.No.S580/15-03-614/2025-2026 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.MON/D-01/12.22.368/2026-27 dated April 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 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 Directive 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: 2026-2027/588 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
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