Case Brief
The Reserve Bank of India has further extended the Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Bhavani Sahakari Bank Ltd., Mumbai. The earlier directive dated July 03, 2025 had been valid until the close of business on January 04, 2026; this order extends it until the close of business on April 04, 2026, subject to review. RBI also clarifies that the extension or modification should not be taken as an indication that it is satisfied with the bank's financial position, and all other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Bank
- Location
- Mumbai, Maharashtra