Date: 2025-11-26Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Yashwant Co-operative Bank Ltd., Phaltan, District Satara – Extension of Period
On November 26, 2025, The Reserve Bank of India (RBI) issued a press release regarding the extension of Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Yashwant Co-operative Bank Ltd., Phaltan, District Satara.
RBI had previously issued Directive No. CO.DOS.SED.No.S1580/12-22-321/2025-26 dated May 28, 2025, for six months, up to the close of business on November 29, 2025. RBI has extended the Directive for a further period of three months, from the close of business on November 29, 2025, to the close of business on February 28, 2026, subject to review. Other terms and conditions of the Directive under reference remain unchanged.
The press release number is 2025-2026/1568. Contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, Phone: 022 - 2266 0502 or helpdoc@rbi.org.in. Website: www.rbi.org.in. Brij Raj, Chief General Manager, is the contact person.
Key Entities Referenced
Section 35A: Section of an unspecified act under which directions are issued
Section 56 of the Banking Regulation Act, 1949: Legal section and Act governing the extension of directions
The Yashwant Co-operative Bank Ltd., Phaltan, District Satara: The bank subject to the directions.
Mumbai: Location of the Department of Communication, Reserve Bank of India
Reserve Bank of India: The regulator issuing the directions and extension.
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
November 26, 2025
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – The Yashwant Co-operative Bank Ltd., Phaltan, District Satara –
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 Yashwant Co-operative Bank Ltd.,
Phaltan vide Directive No. CO.DOS.SED.No.S1580/12-22-321/2025-26 dated May
28, 2025 for a period of six months up to close of business on November 29, 2025.
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
November 29, 2025.
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 November 29, 2025, to close of business on February 28, 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: 2025-2026/1568 Chief General Manager