The Reserve Bank of India (RBI) has extended the period of directions imposed on Sarvodaya Co-operative Bank Ltd., Mumbai and National Urban Co-operative Bank Ltd., Pratapgarh (U.P.) under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (as applicable to Co-operative Societies).
Sarvodaya Co-operative Bank was initially placed under directions on April 15, 2024, for six months, which was subsequently extended multiple times- most recently up to October 15, 2025. As per the latest directive, dated October 10, 2025, the directions will now remain in force till the close of business on January 15, 2026, subject to review.
Similarly, the National Urban Co-operative Bank Ltd., Pratapgarh, was also placed under directions on April 15, 2024, and the restrictions were last extended up to October 15, 2025 vide directive dated July 08, 2025. RBI has now extended the validity of these directions till January 15, 2026, citing public interest.
All other terms and conditions of the previous directives shall remain unchanged, and copies of the latest directives have been displayed at the respective bank premises for public information.
RBI further clarified that the extension of these directions should not be construed as an indication of improvement or satisfaction with the financial position of either bank.
