Date: 2025-10-14Category: 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 October 14, 2025, the Reserve Bank of India released a press release regarding Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, applicable to Co-operative Societies, specifically concerning Sarvodaya Co-operative Bank Ltd., Mumbai, and the extension of the period under directions. The original directive, CO.DOS.SED. No. S370/45-11-001/2024-2025 dated April 15, 2024, placed the bank under directions for six months up to October 15, 2024, which was subsequently extended to October 15, 2025. Now, these directions are further extended until the close of business on January 15, 2026, as per directive DOR.MON/D-33/12.21.158/2025-26 dated October 10, 2025, subject to review. All other terms and conditions of the original directives remain unchanged. A copy of the directive dated October 10, 2025, is displayed at the bank's premises. The press release number is 2025-2026/1309. Brij Raj, Chief General Manager, is listed as the contact. The website for the Reserve Bank of India is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, and the phone number is 022 - 2266 0502.
Key Entities Referenced
Banking Regulation Act, 1949: The act under which the directions are issued, specifically sections 35A and 56.
Sarvodaya Co-operative Bank Ltd., Mumbai: The cooperative bank to which the directions regarding extension of period are applicable.
Reserve Bank of India: The regulator issuing the directions.
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
October 14, 2025
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 October 15, 2025.
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 October 15,
2025 till close of business on January 15, 2026 as per the directive DOR.MON/
D-33/12.21.158/2025-26 dated October 10, 2025, subject to review.
3. All other terms and conditions of the Directives under reference shall remain
unchanged. A copy of the directive dated October 10, 2025 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: 2025-2026/1309 Chief General Manager