Extension of Directions for Sri Guru Raghavendra Sahakara Bank Niyamitha
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
AI-prepared change brief
Check the official recordWhat changed
The 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.
- Who is affected
- Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru
- Required action
- The bank must continue to operate under the existing terms and conditions of the Directive.
- Key dates
- Commencement of extension period — 09 Aug 2026
- Expiry of extended period — 09 Nov 2026
- Consequences
- The extension does not imply that the Reserve Bank of India is satisfied with the financial position of the bank.
Source details
- Source
- Reserve Bank of India
- Type
- press-release
- Published by source
- 05 Aug 2026
- Document number
- 2026-2027/820
- Issuing division
- Department of Communication
- Effective date
- 09 Aug 2026
- Coverage area
- banking
Document text
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
वेबसाइट : www.rbi.org.in/hindi संचार िवभाग, कᱶᮤीय कायार्लय, शहीद भगत ᳲसंह मागर्, फोटर्, मुंबई - 400 001 Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
Research the source law
Find the provision behind this update.
No high-confidence provision match was found. Browse the law library, choose the affected provision and ask against the exact statutory text.
Browse source lawsRelated RBI updates
- Money Market Operations as on August 07, 2026
- Result of the 7-day Variable Rate Reverse Repo (VRRR) auction held on August 10, 2026
- Auction of 91-Day, 182-Day and 364-Day Treasury Bills
- Auction of State Government Securities
- Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 –Urban Co-operative Bank Limited, Dehradun - Extension of Period