DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - SAMARTH SAHAKARI BANK LTD., SOLAPUR, DIST. SOLAPUR, MAHARASHTRA - EXTENSION OF PERIOD

MUMBAI, India, July 1 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India had issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Samarth Sahakari Bank Ltd., Solapur, Dist. Solapur, Maharashtra vide Directive No. NGP.DOS.SSM 2.No.S580/15-03-614/2025-2026 dated October 06, 2025, for a period of six months up to the close of business on April 07, 2026, which were last extended up to the close of business on July 07, 2026 vide DOR.MON/D-01/12.22.368/2026-27 dated April 01, 2026.

2. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond the close of business on July 07, 2...