Date: 2026-01-28Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Lokapavani Mahila Sahakari Bank Niyamitha, Mandya - Extension of Period
On January 28, 2026, the Reserve Bank of India (RBI) issued a press release (2025-2026/2003) regarding the Lokapavani Mahila Sahakari Bank Niyamitha, Mandya. The RBI has extended the Directive issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, Directive No. BLR.DOS.SSMS.No.S628/09-01-242/2025-2026 dated July 29, 2025, for a further period of three months, from January 30, 2026, to April 30, 2026. This extension is subject to review. Other terms and conditions of the original Directive remain unchanged. The RBI can be contacted at the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001, phone: 022 – 2266 0502, email: helpdoc@rbi.org.in, Website: www.rbi.org.in/hindi. Brij Raj, Chief General Manager, is the contact person.
Key Entities Referenced
Banking Regulation Act, 1949: Governs the regulation of banking companies in India; Sections 35A and 56 are referenced.
Section 35A: Section of the Banking Regulation Act, 1949, empowering RBI to issue directions to banking companies.
Section 56: Section of the Banking Regulation Act, 1949; Referenced in conjunction with Section 35A regarding directives.
Lokapavani Mahila Sahakari Bank Niyamitha, Mandya: A cooperative bank to which the directive extending the period of restrictions applies.
Reserve Bank of India: The central bank issuing the directive.
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 28, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – Lokapavani Mahila Sahakari Bank Niyamitha, Mandya - Extension of
Period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949 to Lokapavani Mahila Sahakari Bank
Niyamitha, Mandya vide Directive No. BLR.DOS.SSMS.No.S628/09-01-242/2025-
2026 dated July 29, 2025, for a period of six months up to close of business on
January 30, 2026. The Reserve Bank of India is satisfied that in the public interest, it
is necessary to further extend the period of operation of the Directive beyond the
close of business on January 30, 2026.
2. Accordingly, the Reserve Bank of India, in exercise of the powers vested in it
under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation
Act, 1949, hereby extends the Directive for a further period of three months from
close of business on January 30, 2026, to close of business on April 30, 2026,
subject to review.
3. The aforesaid extension and /or modification by the Reserve Bank of India should
not per-se be construed to imply that the Reserve Bank of India is satisfied with the
financial position of the bank.
4. Other terms and conditions of the Directive under reference, shall remain
unchanged.
(Brij Raj)
Press Release: 2025-2026/2003 Chief General Manager