The Reserve Bank of India (RBI) has extended the regulatory restrictions imposed on the Amanath Co-operative Bank Ltd. for a further period of three months, from June 12, 2026 to September 12, 2026, subject to review.
The bank has been operating under RBI directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 since June 12, 2024. The restrictions were initially imposed for six months and have been extended periodically thereafter.
In a notification issued on Wednesday, the central bank said it was satisfied that extending the directive was necessary in the public interest. However, RBI clarified that the extension should not be construed as an indication that it is satisfied with the financial position of the bank.
The regulator further stated that all other terms and conditions of the existing directive will remain unchanged.
The continuation of the restrictions means that the bank will remain under enhanced regulatory oversight while efforts continue to address the issues that led to the imposition of the directive. RBI said the extension would remain in force until the close of business on September 12, 2026, unless reviewed earlier.
