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( As on 08/10/2025 10:31)

RBI extends restrictions on The Shirpur Merchants’ Co-operative Bank Ltd., Maharashtra

The Reserve Bank of India (RBI) has extended the period of its directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 on The Shirpur Merchants’ Co-operative Bank Ltd., Shirpur, Maharashtra.

The original directives were issued on April 5, 2024 (Ref. No. CO.DOS.SED.No.S175/45-11-001/2024-2025) for six months and had been subsequently extended, most recently up to October 8, 2025.

In the interest of the public, the RBI has now further extended the directives for three months, from October 8, 2025, to January 8, 2026, while all other terms and conditions of the original directives remain unchanged.

The central bank clarified that this extension should not be interpreted as satisfaction with the financial position of the bank, and the directives remain subject to review.