PRESS RELEASE
RESERVE BANK OF INDIA
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
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Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – Pune Sahakari Bank Ltd., Shivajinagar, Pune – Extension of Period
The Reserve Bank of India, vide directive CO.DOS.SED.No.S8240/12-22-
493/2022-2023 dated March 09, 2023, had placed Pune Sahakari Bank Ltd.,
Shivajinagar, Pune, Maharashtra under Directions from the close of business on
March 10, 2023, for a period of six months. The validity of the directions was
extended from time-to-time, the last being up to close of business on June 10, 2025.
- It is hereby notified for the information of the public that, the Reserve Bank of India,
in exercise of powers vested in it under sub-section (1) of Section 35 A read with
Section 56 of the Banking Regulation Act, 1949, hereby directs that the aforesaid
Directions shall continue to apply to the bank from close of business on June 10,
2025, till close of business on September 10, 2025, as per the directive
DOR.MON.D-13/12-22-493/2025-2026 dated June 02, 2025, subject to review. - All other terms and conditions of the Directive under reference shall remain
unchanged. A copy of the directive dated June 02, 2025, notifying the above
extension is displayed at the bank’s premises for the perusal of public. - The aforesaid extension and /or modification by the Reserve Bank of India should
not per-se be construed to imply that Reserve Bank of India is satisfied with the
financial position of the bank.