On December 31, 2025, the Reserve Bank of India (RBI) issued a press release, number 2025-2026/1806, announcing the extension of directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for The Bhavani Sahakari Bank Ltd., Mumbai. The original directive, CO.DOS.SED.No.S2770/12-22-023/2025-2026, was dated July 03, 2025, and covered a period of six months, up to the close of business on January 04, 2026. The RBI has extended the directive for an additional three months, from the close of business on January 04, 2026, to the close of business on April 04, 2026, subject to review. Other terms and conditions of the Directive under reference, shall remain unchanged. The Department of Communication can be contacted at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, or via phone at 022 - 2266 0502, or visit their website www.rbi.org.in or email helpdoc@rbi.org.in. Brij Raj, Chief General Manager, is listed as the contact person.
Key Entities Referenced
Banking Regulation Act, 1949: Governs the regulation of banking companies in India.
Section 35A: Section of the Banking Regulation Act, 1949 that grants power to Reserve Bank of India to give directions to banking companies.
Section 56: Section of the Banking Regulation Act, 1949 related to co-operative banks.
The Bhavani Sahakari Bank Ltd., Mumbai: The cooperative bank to which the directions are issued.
Reserve Bank of India: India's central bank, which is 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
December 31, 2025
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – The Bhavani Sahakari Bank Ltd., Mumbai – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949 to The Bhavani Sahakari Bank Ltd., Mumbai
vide Directive No. CO.DOS.SED.No.S2770/12-22-023/2025-2026 dated July 03,
2025 for a period of six months up to the close of business on January 04, 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 close of business on January
04, 2026.
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 three months from
close of business on January 04, 2026 to close of business on April 04, 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: 2025-2026/1806 Chief General Manager