Case Brief
The Reserve Bank of India has extended the period of operation of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Baghat Urban Co-operative Bank Limited, Solan. The original directive, issued on October 06, 2025, covered the period from close of business on October 08, 2025 through April 08, 2026. RBI has now continued the same directive unchanged for a further three months, until close of business on July 08, 2026, subject to review. The release explicitly says the other terms and conditions of the directive remain unchanged and that the extension should not be read as indicating satisfaction with the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Solan, Himachal Pradesh