Case Brief
The Reserve Bank of India has extended the operation of its existing directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru. The extension runs from close of business on August 10, 2026 to close of business on November 10, 2026, subject to review. RBI notes that the extension should not be taken to mean it is satisfied with the bank's financial position, and the original terms and conditions continue unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Bengaluru, Karnataka
- Order Date