DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - SONPETH NAGARI SAHAKARI BANK MARYADIT, SONPETH, DIST. PARBHANI, MAHARASHTRA - EXTENSION OF PERIOD

MUMBAI, India, Jan. 28 -- 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 Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani, Maharashtra, vide Directive No. NGP.DOS.SSM 3.No.S403/15-04-395/2025-2026 dated July 29, 2025, for a period of six months up to the close of business on January 30, 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 January 30, 2026.

3. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under sub-section (1) of Sec...