The Reserve Bank of India (RBI) has extended the Directions imposed on The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra, for a further period of three months, up to the close of business on April 8, 2026.
The Directions were originally issued on April 5, 2024, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for six months and have since been extended from time to time, the latest extension being valid until January 8, 2026.
In a notification, the RBI stated that it is satisfied that the extension is necessary in public interest. Accordingly, the Directions will continue to remain in force from January 9, 2026, to April 8, 2026, subject to review.
The central bank clarified that all other terms and conditions of the existing Directions will remain unchanged. It also emphasised that the extension should not be construed as an indication of improvement or satisfaction with the bank’s financial position.
