Date: 2026-01-06Category: 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 January 06, 2026, the Reserve Bank of India (RBI) extended the Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Shirpur Merchants' Co-operative Bank Ltd., Shirpur, Maharashtra. The initial directive, CO.DOS.SED. No. S175/45-11-001/2024-2025 dated April 05, 2024, was for six months up to October 08, 2024, and last extended up to January 08, 2026, vide Directive DOR.MON.D-32/12-21-364/2025-26 dated October 06, 2025. The extension is for a further period of three months, from January 08, 2026, to April 08, 2026, subject to review. All other terms and conditions of the Directive remain unchanged. The press release number is 2025-2026/1865. Contact Brij Raj, Chief General Manager. The Department of Communication, Central Office is located at Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 with phone number 022 - 2266 0502. The website is www.rbi.org.in and email is helpdoc@rbi.org.in.
Key Entities Referenced
Shirpur, Maharashtra: Location of The Shirpur Merchants' Co-operative Bank Ltd.
Banking Regulation Act, 1949: Indian law that regulates banking companies
Section 35A: Section of the Banking Regulation Act, 1949, under which the Reserve Bank of India issues directions
Section 56: Section of the Banking Regulation Act, 1949
The Shirpur Merchants' Co-operative Bank Ltd.: Co-operative bank in Shirpur, Maharashtra, subject to the directives
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 06, 2026
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 January 08, 2026, vide Directive
DOR.MON.D-32/12-21-364/2025-26 dated October 06, 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 January 08, 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 08, 2026, to the close of business on April 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: 2025-2026/1865 Chief General Manager