Document title: Directions under Section 35A – Extension of Period for Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd.
Issuing authority: Reserve Bank of India
Reference: Press Release 2026-2027/1102
Date: 11 September 2026
Regulatory and Policy Measures
The Reserve Bank of India, 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 Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik. The original directive (CO.DOS.SED. No. S6986/12‑22‑482/2025‑2026 dated 15 December 2025) provided a six‑month period ending 16 June 2026 and was subsequently extended to 16 September 2026 by Directive No. DOR.MON/D‑15/12‑22‑488/2026‑27 dated 8 June 2026. The current extension adds a further three‑month period, moving the expiry to close of business on 16 December 2026, subject to review.
The RBI expressly states that this extension and any modification should not be interpreted as an indication that the Bank’s financial position meets the RBI’s satisfaction. All other terms and conditions of the original directive remain unchanged.
The press release is identified as 2026‑2027/1102 and is signed by the Chief General Manager, Brij Raj.