India, Oct. 8 -- The Reserve Bank of India (RBI) has imposed several restrictions on Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, effective from the close of business on October 7, 2025.
According to the directive issued on October 6, 2025 (Ref. No. BPL.DOS.SED.No.S1638/12-07-054/2025-2026), the bank cannot, without prior written approval from the RBI, grant or renew loans, make investments, incur any liability, or accept fresh deposits. It is also barred from making any payments, entering into arrangements or compromises, or disposing of its assets, except as permitted under the RBI's directions.
Given the bank's current liquidity position, the RBI has allo...