Date: 2026-01-28Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani, Maharashtra – Extension of Period
On January 28, 2026, the Reserve Bank of India (RBI) issued a press release regarding the extension of a directive under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani, Maharashtra.
The RBI had previously issued a directive (No. NGP.DOS.SSM 3.No.S403/15-04-395 /2025-2026 dated July 29, 2025) for six months, up to January 30, 2026. Due to public interest, the RBI has extended the directive for another three months, from January 30, 2026, to April 30, 2026, subject to review.
All other terms and conditions of the original directive remain unchanged.
For inquiries, contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, Phone: 022 - 2266 0502. Website: www.rbi.org.in. Email: helpdoc@rbi.org.in. The Press Release number is 2025-2026/2002. Brij Raj, Chief General Manager.
Key Entities Referenced
Section 35A: Section of the Banking Regulation Act, 1949, relevant to the directions issued.
Banking Regulation Act, 1949: The primary legislation under which the directions are issued.
Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani, Maharashtra: The cooperative bank to which the directions apply.
Reserve Bank of India: The issuer of 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
January 28, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani,
Maharashtra – Extension of Period
The Reserve Bank of India had issued Directions under Section 35A read with
Section 56 of the Banking Regulation Act, 1949 to Sonpeth Nagari Sahakari Bank
Maryadit, Sonpeth, Dist. Parbhani, Maharashtra, vide Directive No. NGP.DOS.SSM
3.No.S403/15-04-395 /2025-2026 dated July 29, 2025, for a period of six months up to
the close of business on January 30, 2026.
2. 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.
3. Accordingly, the Reserve Bank of India, in 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 three months from the close of
business on January 30, 2026, to the close of business on April 30, 2026, subject to
review.
4. All other terms and conditions of the Directive under reference shall remain
unchanged. The aforesaid extension 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: 2025-2026/2002 Chief General Manager