Case Brief
The Reserve Bank of India has extended the period of operation of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Amanath Co-operative Bank Ltd., Bangalore. The extension runs from close of business on June 12, 2026 to close of business on September 12, 2026, subject to review. RBI also clarified that the extension and/or modification should not be construed as implying satisfaction with the bank's financial position, and that all other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Bangalore, Karnataka
- Order Date