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(07/04/2026 09:25)

RBI extends restrictions on Baghat Urban Co-operative Bank

The Reserve Bank of India (RBI) has extended the validity of regulatory directions imposed on The Baghat Urban Co-operative Bank Limited, Solan.

The directions, originally issued in October 2025 for a six-month period until April 8, 2026, have now been extended by an additional three months, and will remain in force until July 8, 2026, subject to further review.

The extension has been made in public interest under the provisions of the Banking Regulation Act, 1949.

However, the RBI clarified that this extension should not be interpreted as a sign of satisfaction with the bank’s financial health. All other terms and conditions of the existing directions remain unchanged.
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