Date: 2025-11-20Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District - Extension of Period
On November 20, 2025, the Reserve Bank of India (RBI) extended the Directive issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District. The original directive, BLR.DOS.SSMS.No.S2174/12-08-295/2022-23, was dated February 23, 2023, and covered a period of six months up to August 24, 2023. The extension is for a further period of six months, from November 24, 2025, to May 24, 2026, subject to review. Other terms and conditions of the original Directive remain unchanged.
Website: www.rbi.org.in, email: helpdoc@rbi.org.in, Phone: 022 - 2266 0502. Press Release: 2025-2026/1540, Brij Raj, Chief General Manager.
Key Entities Referenced
Banking Regulation Act, 1949: The Act under which directions were issued and extended.
Reserve Bank of India: The regulator issuing the directions.
Shimsha Sahakara Bank Niyamitha, Maddur, Mandya District: The specific bank to which the directions apply.
Section 35A: Section of the Banking Regulation Act under which directions are issued.
Section 56: Section of the Banking Regulation Act relevant to 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
November 20, 2025
Directions under Section 35A read with Section 56 of the Banking
Regulation Act, 1949 - Shimsha Sahakara Bank Niyamitha, Maddur,
Mandya District - Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949 to Shimsha Sahakara Bank Niyamitha,
Maddur, Mandya District vide Directive No. BLR.DOS.SSMS.No.S2174/12-08-
295/2022-23 dated February 23, 2023, for a period of six months up to close of
business on August 24, 2023. 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 close of business on November 24, 2025.
2. Accordingly, the Reserve Bank of India, in the exercise of 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 six months from close
of business on November 24, 2025, to close of business on May 24, 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: 2025-2026/1540 Chief General Manager