The Reserve Bank of India (RBI) has extended the period of its special directives under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for two cooperative banks.
Lokapavani Mahila Sahakari Bank Niyamitha, Mandya, and Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth (Dist. Parbhani, Maharashtra), were initially placed under these directives for six months, effective from July 29, 2025, up to the close of business on January 30, 2026.
In both cases, the RBI, citing public interest, has decided to extend the directives for an additional three months, up to April 30, 2026, subject to review.
The RBI clarified that this extension does not indicate satisfaction with the financial health of the banks. All other terms and conditions of the original directives remain unchanged.