India, Oct. 8 -- The Reserve Bank of India (RBI) has imposed several restrictions on Samarth Urban Co-operative Bank Ltd., Osmanabad, 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 RBI directive dated October 6, 2025 (Ref. No. NGP.DOS.SSM1.No.S581/15-04-381/2025-2026), the bank is prohibited, without prior written approval from the RBI, from granting or renewing loans, making investments, incurring liabilities, accepting fresh deposits, or disbursing payments. It is also barred from entering into any compromise or selling or transferring its properties or assets, except as permitted under the RBI's directions.
Citing the bank's current l...