The Reserve Bank of India (RBI) has extended the regulatory directions imposed on The Amanath Co-operative Bank., Bangalore, for a further period of three months, from the close of business on March 12, 2026, to the close of business on June 12, 2026.
The directions were originally issued on June 12, 2024, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for a period of six months. The RBI has periodically reviewed and extended these restrictions in the public interest.
According to the central bank, the latest extension has been made after assessing the prevailing circumstances and will remain subject to further review.
The RBI clarified that the extension or any modification of the directive should not be interpreted as an indication that it is satisfied with the financial position of the bank.
All other terms and conditions of the directive will remain unchanged during the extended period.
