The Reserve Bank of India (RBI) has extended the period of Directions imposed on Ramgarhia Co-operative Bank Ltd., New Delhi, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for a further period of three months.
The Directions were originally issued on July 7, 2022, for six months and have since been extended periodically, with the last extension valid up to the close of business on January 8, 2026.
The RBI has now decided, in the interest of the public, to continue the operation of these Directions from the close of business on January 8, 2026, till the close of business on April 8, 2026, subject to review.
The central bank has clarified that this extension should not be construed as an indication of satisfaction with the bank’s financial position. All other terms and conditions of the existing Directions will remain unchanged during the extended period.
