Date: 2025-10-07Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra – Extension of Period
On October 7, 2025, the Reserve Bank of India (RBI) issued a press release regarding the extension of Directions for The Shirpur Merchants' Co-operative Bank Ltd., Shirpur, Maharashtra, under Section 35A read with Section 56 of the Banking Regulation Act, 1949.
RBI had previously issued Directions to the bank vide Directive No. CO.DOS.SED. No. S175/45-11-001/ 2024-2025 dated April 05, 2024, which were extended up to October 08, 2025, vide Directive DOR.MON.D-17/12-21-364/2025-26 dated July 04, 2025. In the public interest, the RBI has extended the Directive for a further period of three months, from October 08, 2025, up to January 08, 2026, subject to review. The original terms and conditions of the Directive remain unchanged.
The press release number is 2025-2026/1265. Contact information for the RBI is available on their website: www.rbi.org.in and via email: helpdoc@rbi.org.in. The Department of Communication, Central Office is located at Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, phone: 022 - 2266 0502. Brij Raj, Chief General Manager, is the contact person for the release.
Key Entities Referenced
Banking Regulation Act, 1949: Law under which the directions are issued and extended.
Section 35A: Section of the Banking Regulation Act, 1949, that empowers the Reserve Bank of India to issue directions.
The Shirpur Merchants' Co-operative Bank Ltd., Shirpur, Maharashtra: Co-operative bank subject to the extended directive.
Section 56: Section of the Banking Regulation Act, 1949. It deals with the application of the Act to co-operative banks
Reserve Bank of India: The regulator issuing the directive and its extension.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय �रज़वर् बैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, केंद्रीय कायार्लय, शहीद भगत िसंह मागर्, फोटर्, मुंबई - 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
October 07, 2025
Directions under Section 35A read with Section 56 of the Banking
Regulation Act, 1949 – The Shirpur Merchants’ Co-operative Bank Ltd.,
Shirpur, 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 The Shirpur Merchants’ Co-
operative Bank Ltd., Shirpur, Maharashtra, vide Directive No. CO.DOS.SED. No.
S175/45-11-001/ 2024-2025 dated April 05, 2024, for a period of six months up to the
close of business on October 08, 2024, as modified from time to time, which were
last extended up to the close of business on October 08, 2025, vide Directive
DOR.MON.D-17/12-21-364/2025-26 dated July 04, 2025.
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 October 08, 2025.
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 October 08, 2025, to the close of business on January 08, 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: 2025-2026/1265 Chief General Manager