The Reserve Bank of India has extended the directions imposed on Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Nashik district, for a further period of three months, up to the close of business on September 16, 2026.

The restrictions were initially imposed on December 15, 2025, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, and were scheduled to expire on June 16, 2026.

According to the RBI, the extension has been made in the public interest and will remain in force until September 16, 2026, subject to further review. All existing terms and conditions of the directive will continue unchanged during the extended period.

The central bank clarified that the extension should not be interpreted as an indication that it is satisfied with the financial position of the bank. The continuation of the restrictions reflects RBI's ongoing supervisory oversight and efforts to safeguard the interests of depositors and maintain financial stability.

The cooperative bank will continue to operate under the regulatory constraints specified in the directive until further notice from the RBI.