Case Brief
The Reserve Bank of India has extended the ongoing directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik. The earlier directive dated December 15, 2025 was valid up to the close of business on June 16, 2026; RBI has now continued it from that date until the close of business on September 16, 2026, subject to review. The release says all other terms and conditions remain unchanged and notes that the extension should not be read as RBI being satisfied with the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Niphad, Maharashtra