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 directive 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 directive, initially issued on April 05, 2024, and extended up to January 08, 2026, vide Directive DOR.MON.D-32/12-21-364/2025-26 dated October 06, 2025, is now extended for a further three months, from January 08, 2026, to April 08, 2026, subject to review. All other terms and conditions of the original directive remain unchanged. This extension should not be interpreted as an indication of the RBI's satisfaction with the bank's financial position. The press release number is 2025-2026/1865. Brij Raj, Chief General Manager, is the contact person. RBI's website is www.rbi.org.in and helpdoc@rbi.org.in is the email. The phone number is 022 - 2266 0502.
Key Entities Referenced
Banking Regulation Act, 1949: Governs the operations of banking companies in India.
Section 35A: Section of the Banking Regulation Act that empowers the Reserve Bank of India to issue directions to banking companies.
The Shirpur Merchants' Co-operative Bank Ltd., Shirpur, Maharashtra: The cooperative bank to which the directions are issued.
Reserve Bank of India: India's central bank, responsible for regulating the banking system.
Section 56: Section of the Banking Regulation Act related to co-operative banks.
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