Date: 2026-01-12Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As applicable to Co-operative Societies) – Sarvodaya Co-operative Bank Ltd., Mumbai - Extension of period
On January 12, 2026, the Reserve Bank of India (RBI) issued a press release regarding the extension of directions for Sarvodaya Co-operative Bank Ltd., Mumbai, under Section 35A read with Section 56 of the Banking Regulation Act, 1949.
RBI, via directive CO.DOS.SED. No. S370/45-11-001/2024-2025 dated April 15, 2024, had placed the bank under directions for six months, which were subsequently modified and extended until January 15, 2026. The directions will now continue to apply from January 15, 2026, until April 15, 2026, as per directive DOR.MON/D-51/12.21.158/2025-26 dated January 09, 2026, subject to review.
All other terms and conditions of the directives remain unchanged. A copy of the directive dated January 09, 2026, is displayed at the bank's premises.
The press release number is 2025-2026/1905. Contact information for the Department of Communication, Central Office, is Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, Phone: 022 - 2266 0502, Website: www.rbi.org.in, email: helpdoc@rbi.org.in. Brij Raj, Chief General Manager, is the contact person.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for issuing the directive and overseeing the financial health of Sarvodaya Co-operative Bank.
Banking Regulation Act, 1949: The primary legislation under which the directions are issued, specifically Section 35A read with Section 56 (applicable to Co-operative Societies).
Sarvodaya Co-operative Bank Ltd., Mumbai: The bank subject to the directions, specifically an extension of existing restrictions.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 12, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 (As applicable to Co-operative Societies) – Sarvodaya Co-operative
Bank Ltd., Mumbai - Extension of period
The Reserve Bank of India vide directive CO.DOS.SED. No. S370/45-11-
001/2024-2025 dated April 15, 2024, had placed Sarvodaya Co-operative Bank Ltd.,
Mumbai under Directions for a period of six months up to the close of business on
October 15, 2024, which was modified from time to time and was last extended up to
close of business on January 15, 2026.
2. It is hereby notified for the information of the public that, the Reserve Bank of India,
in exercise of powers vested in it under sub-section (1) of Section 35 A read with
Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid
Directions shall continue to apply to the bank from close of business on January 15,
2026 till close of business on April 15, 2026 as per the directive DOR.MON/
D-51/12.21.158/2025-26 dated January 09, 2026, subject to review.
3. All other terms and conditions of the Directives under reference shall remain
unchanged. A copy of the directive dated January 09, 2026 notifying the above
extension is displayed at the bank’s premises for the perusal of public.
4. The aforesaid extension and /or modification by the Reserve Bank of India should
not per-se be construed to imply that Reserve Bank of India is satisfied with the
financial position of the bank.
(Brij Raj)
Press Release: 2025-2026/1905 Chief General Manager