Document title: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Kanaka Pattana Sahakara Bank Niyamita, Davangere – Extension of Period
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1087; Directive No. BLR.DOS.QAG.No.S1362/12-07-248/2025-2026
Date: 10 September 2026
Regulatory and Policy Measures
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Kanaka Pattana Sahakara Bank Niyamita, Davangere vide Directive No. BLR.DOS.QAG.No.S1362/12-07-248/2025-2026 dated 11 March 2026, for a period of six months up to close of business on 12 September 2026.
The RBI, exercising powers under sub‑section (1) of Section 35A read with Section 56, extends the Directive for a further three months, now expiring on close of business on 12 December 2026, subject to review.
The extension and any modification shall not be construed as an indication that the RBI is satisfied with the financial position of the bank. All other terms and conditions of the original Directive remain unchanged.
The press release is identified as 2026‑2027/1087 and is signed by the Chief General Manager, Brij Raj.
In conclusion, the RBI continues regulatory oversight of Kanaka Pattana Sahakara Bank Niyamita by extending the supervisory directive while explicitly stating that the extension does not reflect satisfaction with the bank’s financial health.