RBI extends restrictions on Sonpeth Nagari Sahakari Bank till January 30, 2027
On October 28, 2026, the RBI extended its directions on Sonpeth Nagari Sahakari Bank Maryadit, Parbhani, by three months till January 30, 2027. The move affects customers of this co-operative bank, for whom the existing conditions stay unchanged.
What this means for you
This order directly concerns customers of Sonpeth Nagari Sahakari Bank. The restrictions on the bank will now continue till January 30, 2027, and their terms have not been changed. Ordinary people do not need to do anything new, but those with an account in this bank should check the bank or RBI information to know the conditions that apply.
Key facts
- The directions were first issued on July 29, 2025 for six months, up to January 30, 2026.
- They were later extended up to October 30, 2026 by a directive dated July 22, 2026.
- On October 28, 2026, the RBI extended them by a further three months, up to January 30, 2027.
- The RBI said 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) on October 28, 2026 extended its directions on Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, District Parbhani, by three months. The restrictions will now run from after the close of business on October 30, 2026 to the close of business on January 30, 2027. The RBI used its powers under the Banking Regulation Act, 1949 to do this.
What happened earlier
The RBI first placed the bank under directions on July 29, 2025 for six months, up to January 30, 2026. These were later extended up to October 30, 2026 by a directive dated July 22, 2026. The RBI has now said it is necessary in the public interest to extend the period further.
Who is affected
The order directly concerns customers of this co-operative bank. The restrictions will now continue till January 30, 2027. The RBI also made clear that all other terms and conditions of the earlier directive remain unchanged, so no new condition has been added for customers by this extension.
What the RBI cautioned
The RBI said the extension should not by itself be taken to mean that it is satisfied with the bank’s financial position. The RBI stated this in plain words in its press release.
What ordinary people should do
Ordinary people do not need to do anything new because of this order. Those who have an account in this bank can get the applicable conditions and information from the bank or from the RBI’s released information.
Questions and answers
How long will the restrictions on Sonpeth Nagari Sahakari Bank last?
Till the close of business on January 30, 2027. The RBI extended the period by three months on October 28, 2026.
Does this extension change any conditions for the bank?
No. According to the RBI, all other terms and conditions of the earlier directive remain unchanged.
Has the RBI said it is satisfied with the bank's financial position?
No. The RBI said the extension should not be taken to mean it is satisfied with the bank's financial position.
Which bank does this order apply to?
It applies to Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, District Parbhani.
Source: RBI, "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sonpeth Nagari Sahakari Bank Maryadit, Sonpeth, Dist. Parbhani – Extension of Period", 28 October 2026. Read the original notice
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