India, Jan. 28 -- The Reserve Bank of India (RBI) has extended the directions imposed on Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, district Parbhani, Maharashtra, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, in the public interest.
The directions were originally issued on July 29, 2025, for a period of six months up to the close of business on January 30, 2026. The RBI has now decided to extend the period of operation of the directive by a further three months, from the close of business on January 30, 2026, to the close of business on April 30, 2026, subject to review.
The central bank clarified that all other terms and conditions of the directive will remain unchanged. It also stated that the extensi...