The Reserve Bank of India (RBI) has extended its regulatory directions on Bengaluru-based Sri Guru Raghavendra Sahakara Bank Niyamitha for another six months, keeping the bank under restrictions until May 10, 2027.
The extension will take effect from the close of business on November 10, 2026, and remain in force until the close of business on May 10, 2027, subject to review.
The directions were originally issued on January 2, 2020, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. Since then, the RBI has periodically extended their validity.
In its latest order, the central bank stated that the extension was necessary in the public interest. However, it clarified that the extension or modification of the directions should not be construed as an indication that it is satisfied with the bank’s financial position.
All other terms and conditions of the existing directions will remain unchanged.
