Document title: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani – Extension of Period
Issuing authority: Reserve Bank of India (RBI)
Reference number: Press Release 2026-2027/1397
Date: October 28, 2026
Regulatory and Policy Measures
The RBI, exercising powers under sub‑section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, has extended the earlier directive issued to Sonpeth Nagari Sahakari Bank Maryadit. The original directive (No. NGP.DOS.SSM 3.No.S403/15‑04‑395/2025‑2026) dated 29 July 2025 provided a six‑month period ending 30 January 2026. This was subsequently extended to 30 October 2026 by Directive No. DOR.MON/D‑28/12.718/2026‑27 dated 22 July 2026. The current extension adds a further three months, moving the expiry to close of business on 30 January 2027, subject to review.
The RBI explicitly states that this extension and any modification should not be interpreted as an indication that the RBI is satisfied with the bank’s financial position. All other terms and conditions of the original directive remain unchanged.
The press release is signed by the Chief General Manager, Brij Raj.
This extension reflects the RBI’s continued supervisory oversight of the cooperative bank, ensuring continued operation while monitoring its financial health.