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(10/04/2026 17:55)

RBI extends Directions on Sarvodaya Co-operative Bank Ltd Till July 15

The Reserve Bank of India (RBI) has extended the regulatory directions imposed on Sarvodaya Co-operative Bank Ltd, Mumbai, for a further three months till the close of business on July 15, 2026.

The bank was initially placed under directions on April 15, 2024, for a six-month period, which has since been extended periodically, with the last extension valid up to April 15, 2026.

The RBI clarified that the extension has been issued under the provisions of the Banking Regulation Act, 1949, and all existing terms and conditions of the directions will remain unchanged.

The central bank also noted that the extension should not be construed as a sign of satisfaction with the bank’s financial position.
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