July 03, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 (As Applicable to Co-operative Societies) – The Industrial Co-
operative Bank Ltd., Guwahati – 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 Industrial Co-operative Bank Ltd.,
Guwahati vide Directive No.GWH.DOS.ADM.No.S103/01-10-101/2025-26 dated July
03, 2025 for a period of six months up to close of business on January 04, 2026,
which was last extended up to close of business on July 04, 2026, vide Directive
No.DOR.MON./D-63/12-29-104/2025-26 dated March 24, 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 04, 2026.
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Accordingly, the Reserve Bank of India, in 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 Directions for a further period of three months from the
close of business on July 04, 2026 to the close of business on October 04, 2026,
subject to review.
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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.
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All other terms and conditions of the Directive under reference shall remain
unchanged.
(Brij Raj)
Press Release: 2026-2027/602 Chief General Manager
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