The Reserve Bank of India (RBI) has extended the validity of regulatory directions imposed on Samarth Sahakari Bank Ltd., Solapur, Maharashtra, for another three months, from July 7, 2026, to October 7, 2026, in the interest of depositors and financial stability.
The restrictions were originally imposed on October 6, 2025, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for an initial period of six months.
The directions were subsequently extended until July 7, 2026, and will now remain in force until October 7, 2026, subject to further review by the central bank.
The RBI said it considered the extension necessary in the public interest. However, it clarified that all other terms and conditions of the existing directions will remain unchanged.
The central bank also emphasised that the extension should not be construed as an indication that the RBI is satisfied with the financial position of the bank. The regulatory action will continue to be reviewed based on the bank’s financial condition and compliance with supervisory requirements.
