The Reserve Bank of India (RBI) has extended the regulatory restrictions imposed on Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur (Madhya Pradesh) and Samarth Urban Co-operative Bank Ltd., Osmanabad (Maharashtra) for a further period of three months, up to the close of business on October 7, 2026, subject to review.
The restrictions, imposed under Section 35A read with Section 56 of the Banking Regulation Act, 1949, were originally issued on October 6, 2025, and had already been extended till July 7, 2026.
In separate notifications issued on Monday, the RBI said it was necessary in the public interest to continue the Directions beyond July 7, 2026.
The central bank clarified that all other terms and conditions of the existing Directions will remain unchanged during the extended period.
RBI also reiterated that the extension of the Directions should not be construed as an indication that the financial position of either bank has improved or that the RBI is satisfied with their financial health. The Directions will remain under review and may be modified depending on future developments.
