RBI press-release Press Release: 2026-2027/1232 · 01 Oct 2026
Official title
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
Summary
Check the official recordThe Reserve Bank of India extends the regulatory directions for The Industrial Co-operative Bank Ltd., Guwahati. 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 three months. The extension starts from the close of business on October 04, 2026. The extension ends at the close of business on January 04, 2027. This action 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
October 01, 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.S103/01-10-101/2025-2026 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 October 04, 2026, vide Directive No.DOR.MON./D-18/12-29-104/2026-2027 dated June 25, 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 October 04, 2026.
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 October 04, 2026 to the close of business on January 04, 2027, 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: 2026-2027/1232
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