RBI extends restrictions on Sonpeth Nagari Sahakari Bank for another 3 months

The Reserve Bank of India has extended the regulatory directions imposed on Sonpeth Nagari Sahakari Bank Maryadit, a small cooperative bank in Maharashtra, for a further period of three months until January 30, 2027. The extension indicates continued financial weakness or governance issues at the bank, though the specific reasons remain undisclosed. This is a routine regulatory action for a small bank, with limited systemic impact.

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