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(07/07/2026 08:51)

RBI extends regulatory restrictions on Sadbhav Nagrik Sahakari Bank till October 7

The Reserve Bank of India (RBI) has extended the regulatory directions imposed on Sadbhav Nagrik Sahakari Bank Maryadit, Chhatarpur, Madhya Pradesh, for an additional three months, from the close of business on July 7, 2026, to October 7, 2026, subject to review.

The restrictions were originally imposed in October 2025 under the Banking Regulation Act and were last extended until July 7, 2026. The RBI said the decision to further extend the directive has been taken in the public interest after reviewing the prevailing situation.

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