Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The National Co-operative Bank Ltd., Bangalore – Extension of Period
Case Brief
The Reserve Bank of India has further extended the operative period of its Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for The National Co-operative Bank Ltd., Bangalore. The directive, originally issued on July 24, 2023 and previously extended to April 24, 2024, will now continue from close of business on April 24, 2024 until close of business on July 24, 2024, subject to review. No other conditions were changed.
The Reserve Bank of India extended the existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for The National Co-operative Bank Ltd., Bangalore. The prior directive, originally issued on July 24, 2023 and last extended up to April 24, 2024, has now been extended for a further three months from close of business on April 24, 2024 to close of business on July 24, 2024, subject to review. The release states that all other terms and conditions of the directive remain unchanged.
Severity Assessment
This is an extension of RBI Section 35A operating directions on a cooperative bank, which falls under the structural severity floor of 4 for business restrictions.
The bank remains subject to the same RBI operating restrictions until close of business on July 24, 2024, unless reviewed or modified earlier. Customers and counterparties continue to be affected by the existing conditions imposed under the directive.
Published as The National Co-operative Bank Ltd., Bangalore
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
The National Co-operative Bank Ltd., Bangalore
Business restriction · Extension
The National Co-operative Bank Ltd., Bangalore
Business restriction · Extension
The National Co-operative Bank Ltd., Bangalore
Business restriction · Extension
The National Co-operative Bank Ltd., Bangalore
Business restriction · Fresh imposition
The National Co-operative Bank Limited
Monetary penalty · Fresh imposition
© 2026 RegOversight by OddVector