The Reserve Bank of India (RBI) has extended the Directions imposed on Sri Guru Raghavendra Sahakara Bank Niyamitha for a further period of three months, from May 10, 2026 to August 10, 2026.
The restrictions were originally imposed by RBI on January 2, 2020, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for an initial period of six months. Since then, the Directions have been extended periodically in view of the bank’s financial condition.
In its latest notification, RBI stated that it was satisfied that extending the Directions beyond May 10, 2026 was necessary in the public interest. The extension will remain in force up to the close of business on August 10, 2026, subject to review.
The central bank clarified that the extension or modification of the Directions should not be construed to mean that RBI is satisfied with the financial position of the bank.
RBI further said that all other terms and conditions of the existing Directions will remain unchanged during the extended period.