India, April 2 -- The Reserve Bank of India has extended the regulatory restrictions on Samarth Urban Co-operative Bank Ltd. for a further period of three months, from April 7, 2026 to July 7, 2026.
The directions were originally imposed in October 2025 under the Banking Regulation Act, 1949, and will now continue in force in the interest of the public, subject to review.
RBI clarified that all other terms and conditions of the directive remain unchanged and emphasized that the extension should not be interpreted as satisfaction with the bank's financial position.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....