RBI press-release 2026-2027/1098 · 11 Sept 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad – Extension of Period
Summary
Check the official recordThe Reserve Bank of India extends the operational period of the existing Directive issued to The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad. The extension lasts for three months. It begins at the close of business on September 11, 2026. It ends at the close of business on December 11, 2026. The extension remains subject to review. All other terms and conditions of the original Directive remain unchanged. This extension does not imply that the Reserve Bank of India is satisfied with the financial position of the bank.
Key dates
Who is affected
September 11, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad, vide Directive No. AMD.DOS.SSM.No.S1057/11-04- 083/2025-2026 dated March 11, 2026 for a period of six months up to close of business on September 11, 2026. 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 September 11, 2026.
Accordingly, the Reserve Bank of India, in the exercise of the 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 September 11, 2026, to close of business on December 11, 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.
All other terms and conditions of the Directive under reference, shall remain unchanged.
(Brij Raj)
Press Release: 2026-2027/1098 Chief General Manager
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भारतीय ǐरज़वर् बैंक
RESERVE BANK OF INDIA
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