RBI press-release 2026-2027/820 · 06 Aug 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru – Extension of Period
Summary
Check the official recordThe Reserve Bank of India has extended the operational period of the existing regulatory directions imposed on Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru. Originally issued in January 2020 under Section 35A read with Section 56 of the Banking Regulation Act, 1949, these directions are now extended for an additional three months. The extension is effective from the close of business on August 10, 2026, and will remain in force until the close of business on November 10, 2026, subject to further review. The RBI clarified that this extension does not indicate satisfaction with the bank's current financial position, and all other terms and conditions of the original directive remain unchanged.
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August 06, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru vide Directive No. DoS.CO.UCB.BSD-III.D-2/12.23.283/2019- 20 dated January 02, 2020, for a period of six months up to close of business on July 10, 2020. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on August 10, 2026.
Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on August 10, 2026 to close of business on November 10, 2026, subject to review.
The aforesaid extension and /or modification by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.
Other terms and conditions of the Directive under reference, shall remain unchanged.
(Brij Raj) Chief General Manager
Press Release: 2026-2027/820
ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
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