RBI extends restrictions on Lokapavani Mahila Sahakari Bank, Mandya till January 30, 2027
On October 28, 2026, the RBI extended its directions on Lokapavani Mahila Sahakari Bank Niyamitha, Mandya until January 30, 2027. The move affects customers of this cooperative bank, not customers of other banks.
What this means for you
This order concerns only Lokapavani Mahila Sahakari Bank in Mandya, Karnataka. If you hold an account there, the conditions already placed on the bank continue, because the RBI said all other terms of the earlier directive remain unchanged. It has no direct effect on other banks or the general public. For details of your money and the conditions, check with the bank or the RBI's earlier directive.
Key facts
- The RBI first issued the directive on July 29, 2025, for a period up to January 30, 2026.
- The directions are now extended for three months, from October 30, 2026 to January 30, 2027.
- The RBI said the step was necessary in the public interest and is subject to review.
- The RBI clarified the extension does not mean it is satisfied with the bank's financial position.
- All other terms and conditions of the earlier directive remain unchanged.
What has happened
The Reserve Bank of India (RBI) has extended the period of its directions on Lokapavani Mahila Sahakari Bank Niyamitha, Mandya, a cooperative bank in Karnataka. In its directive dated October 28, 2026, the RBI said the restrictions will continue beyond the close of business on October 30, 2026, up to the close of business on January 30, 2027.
What came before
The RBI first issued directions to the bank on July 29, 2025, for a period of six months up to the close of business on January 30, 2026. The RBI said it was satisfied that, in the public interest, it was necessary to extend the operation of the directive further. The extension is subject to review.
Who is affected
The directions affect only the customers and account holders of this cooperative bank. They have no effect on the general public or on customers of other banks. The RBI also said that all other terms and conditions of the earlier directive remain unchanged, so no new conditions have been added.
What the RBI clarified
The RBI stated that the extension should not by itself be taken to mean that it is satisfied with the financial position of the bank.
What to do next
If you hold an account with this bank and want to know about your money or the conditions in place, contact the bank or refer to the RBI’s earlier directive. This notice does not set any new action or application date for the public.
Questions and answers
How long will the restrictions on Lokapavani Mahila Sahakari Bank last?
Until the close of business on January 30, 2027. The RBI extended the period by three months from October 30, 2026.
Does this affect customers of other banks?
No. The directions apply only to Lokapavani Mahila Sahakari Bank Niyamitha, Mandya.
Has the RBI said the bank's financial position is sound?
No. The RBI said the extension should not be taken to mean it is satisfied with the bank's financial position.
When did the restrictions on the bank begin?
The RBI issued the directive on July 29, 2025, for a period up to January 30, 2026.
Have any other conditions on the bank changed?
No. According to the RBI, all other terms and conditions of the earlier directive remain unchanged.
Source: RBI, "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Lokapavani Mahila Sahakari Bank Niyamitha, Mandya - Extension of Period", 28 October 2026. Read the original notice
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