The Reserve Bank of India (RBI) has extended the regulatory Directions imposed on Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru 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 January 2, 2020, and have been extended periodically in the interest of depositors and the public. As per the latest order, the Directions will continue to remain in force from the close of business on February 10, 2026, until the close of business on May 10, 2026, subject to review.
The RBI stated that the extension has been effected in public interest. It further clarified that the extension and/or any modification of the Directions should not be construed as an indication of the RBI’s satisfaction with the financial position of the bank.
All other terms and conditions of the existing Directions shall remain unchanged during the extended period.