The Reserve Bank of India (RBI) has extended the regulatory Directions imposed on the Yashwant Co-operative Bank., Phaltan, District Satara, for a further period of three months, up to the close of business on May 28, 2026.
The Directions were initially issued on May 28, 2025, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for six months. They were first extended in November 2025 up to February 28, 2026. In its latest notification, RBI stated that it considers it necessary, in public interest, to continue the restrictions beyond February 28, 2026.
The central bank clarified that the extension should not be interpreted as an indication of satisfaction with the bank’s financial position. All other terms and conditions of the original Directive remain unchanged.
Such measures aim to protect depositors’ interests and ensure financial stability while corrective steps are undertaken.
