RBI Extends Directions on Nashik Cooperative Bank for Third Time

The RBI has extended regulatory directions under Section 35A of the Banking Regulation Act on Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Nashik, for a further period, now until September 16, 2026. This marks the third extension of restrictions, indicating persistent financial weakness at the cooperative bank. The move signals ongoing stress in India's cooperative banking sector, though the systemic impact is limited given the bank's small size.