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(02/07/2026 11:15)

RBI extends restrictions on Samarth Sahakari Bank till October 7

The Reserve Bank of India (RBI) has extended the validity of its directions imposed on Samarth Sahakari Bank Ltd., Solapur, Maharashtra, for another three months, until the close of business on October 7, 2026.

The restrictions, originally imposed on October 6, 2025, under the Banking Regulation Act, 1949, had earlier been extended until July 7, 2026. The RBI said the extension has been made in the public interest and will remain subject to review.

The central bank clarified that all other terms and conditions of the existing directions will continue unchanged. It also emphasized that the extension should not be interpreted as an indication that it is satisfied with the bank's financial position.
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