The Reserve Bank of India (RBI) has extended its regulatory directions on the Gauhati Co-operative Urban Bank Ltd., Guwahati, and the Valsad Mahila Nagrik Sahakari Bank Ltd., Valsad, for a further three months, subject to review.
The directions on Gauhati Co-operative Urban Bank, originally issued in December 2025 under Section 35A read with Section 56 of the Banking Regulation Act, 1949, have been extended from the close of business on September 17 to December 17, 2026.
Similarly, the directions on Valsad Mahila Nagrik Sahakari Bank have been extended from the close of business on September 18 to December 18, 2026.
The RBI said the extensions were considered necessary in the public interest. It also clarified that the extension or modification of the directions should not per se be construed as the RBI being satisfied with the financial position of either bank.
All other terms and conditions of the existing directions will remain unchanged during the extended period.
