Date: 2025-09-11Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Pune Sahakari Bank Ltd., Shivajinagar, Pune – Extension of Period
**Summary:**
The Reserve Bank of India (RBI) has extended the Directions imposed on Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. Originally issued on March 09, 2023, the Directions have been extended multiple times, with the previous extension valid until September 10, 2025. This latest extension will be effective from the close of business on September 10, 2025, until the close of business on December 10, 2025. The extension is enacted via directive DOR.MON.D26122249320252026 dated September 04, 2025, and is subject to review. All other terms and conditions of the original directive remain unchanged. The directive is displayed at the bank's premises for public review. The RBI clarifies that this extension should not be interpreted as an indication of satisfaction with the bank's current financial position. For further information, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001, email: helpdocrbi.org.in, Phone: 022 2266 0502. Website : www.rbi.org.in
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and regulation of the banking sector.
Banking Regulation Act, 1949: An act of the Parliament of India that regulates the Indian banking sector.
Pune Sahakari Bank Ltd., Shivajinagar, Pune, Maharashtra: A cooperative bank located in Pune, Maharashtra, which is subject to directives from the Reserve Bank of India.
Section 35A: A section of the Banking Regulation Act, 1949 that empowers the Reserve Bank of India to issue directions to banking companies.
Section 56: A section of the Banking Regulation Act, 1949 that outlines the applicability of the act to cooperative banks.
Mumbai: City in Maharashtra, location of Central Office, Department of Communication, Reserve Bank of India
September 10, 2025: Date until which the previous directions on Pune Sahakari Bank Ltd. were valid.
December 10, 2025: Date until which the extended directions on Pune Sahakari Bank Ltd. are valid.
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
September 11, 2025
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – Pune Sahakari Bank Ltd., Shivajinagar, Pune – Extension of Period
The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-
493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd.,
Shivajinagar, Pune, Maharashtra under Directions from the close of business on
March 10, 2023, for a period of six months. The validity of the directions was
extended from time-to-time, the last being up to close of business on September 10,
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 September
10, 2025, till close of business on December 10, 2025, as per the directive
DOR.MON.D-26/12-22-493/2025-2026 dated September 04, 2025, subject to review.
3. All other terms and conditions of the Directive under reference shall remain
unchanged. A copy of the directive dated September 04, 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.
(Puneet Pancholy)
Press Release: 2025-2026/1079 Chief General Manager