The Reserve Bank of India has extended regulatory restrictions on Sonpeth Nagari Sahakari Bank Maryadit, Maharashtra, for a further period of three months, up to July 30, 2026.
The directions, issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, were originally imposed in July 2025 and have been periodically extended since then. The curbs were last valid till April 30, 2026.
In its latest order, the central bank said it is satisfied that continuing the restrictions is necessary in the public interest. The extension will come into effect from the close of business on April 30, 2026, and remain in force till July 30, 2026, subject to further review.
The RBI clarified that all existing terms and conditions under the directive will remain unchanged. It also emphasised that the extension should not be construed as an indication that the regulator is satisfied with the bank’s financial position.
Such directions typically place operational restrictions on cooperative banks to safeguard depositors and ensure financial stability.