RBI press-release 2026-2027/596 · 02 Jul 2026
Official title
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Limited, New Delhi – Extension of Period
Summary
Check the official recordThe Reserve Bank of India extends the regulatory directions issued to Ramgarhia Co-operative Bank Limited, New Delhi. The bank operates under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The Reserve Bank of India extends these directions for a period of three months. The extension begins at the close of business on July 08, 2026. The extension ends at the close of business on October 08, 2026. This extension remains subject to review. The extension does not imply that the Reserve Bank of India is satisfied with the financial position of the bank. All other terms and conditions of the original directive remain unchanged.
Key dates
Who is affected
July 2, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Limited, New Delhi – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Ramgarhia Co-operative Bank Limited, New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022 for a period of 06 months from close of business on July 08, 2022 up to close of business on January 08, 2023, which was last extended vide Directive No. DOR.MON.D-03/12.28.115/2026-27 dated April 01, 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 July 08, 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 03 months from close of business on July 08, 2026 to close of business on October 08, 2026, subject to review.
The aforesaid extension 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)
Press Release: 2026-2027/596 Chief General Manager ᮧेस ᮧकाशनी PRESS RELEASE
भारतीय ᳯरज़वर् बᱹक
RESERVE BANK OF INDIA
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