Document title: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Samarth Urban Co-operative Bank Ltd., Osmanabad (Maharashtra), – Extension of Period
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/1257
Date: October 06, 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 Samarth Urban Co‑operative Bank Ltd. The original directive, No. NGP.DOS.SSM1.No.S581/15-04-381/2025-2026 dated October 06, 2025, prescribed a six‑month period ending on April 07, 2026. This was subsequently extended up to October 07, 2026 by Directive No. DOR.RG/D-24/15-04-381/2026-2027 dated July 02, 2026. The present extension adds a further three months, moving the expiry to close of business on January 07, 2027, and is subject to review.
The RBI expressly states that this extension and any modification should not be construed 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.