RBI extends regulatory directions for Sonpeth Bank
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On October 28, 2026, the Reserve Bank of India issued a notice deciding to extend the regulatory directions imposed on Sonpeth Nagari Sahakari Bank Maryadit by another three months. The extension takes effect from the close of business on October 30, 2026, and remains in force until the close of business on January 30, 2027, subject to review. The Reserve Bank of India stated that the extension does not mean it is satisfied with the bank’s financial position; all other terms of the original directions remain unchanged. The report did not provide the date the earlier directions were issued or the specific restrictions they contained.
AI-written from reports · updated 2 hours ago
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- Reserve Bank of India — Press releasesReserve Bank of India extends regulatory directions on Sonpeth Nagari Sahakari Bank Maryadit
Reserve Bank of India has extended the directions on Sonpeth Nagari Sahakari Bank Maryadit by a further three months, from the close of business on 2026年10月30日 to the close of business on 2027年1月30日, subject to review. The extension does not mean that Reserve Bank of India is satisfied with the bank’s financial position; all other terms of the directions remain unchanged.
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