Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru (Karnataka) - Extension of Period
Case Brief
The Reserve Bank of India has extended the Directions issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka. The original directions were issued on January 2, 2020 and had been extended multiple times, most recently up to the close of business on August 10, 2025. This latest press release extends the same Directive for a further three months, from August 10, 2025 to November 10, 2025, with all other terms and conditions unchanged.
The Reserve Bank of India extended the existing Directions issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, originally issued on January 2, 2020 and last extended up to close of business on August 10, 2025. The extension is under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for a further period of three months from August 10, 2025 to November 10, 2025, subject to review. The release states that all other terms and conditions remain unchanged and notes that the extension should not be construed as satisfaction with the bank’s financial position.
Severity Assessment
This is an RBI Section 35A/Section 56 operational restriction on a cooperative bank, which the rubric places at severity 4 even when merely extended.
The bank continues to operate subject to the existing RBI directions through November 10, 2025, unless modified or withdrawn earlier. Customers, depositors, and counterparties remain affected by the ongoing restrictions imposed under the directive.
Published as Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru
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Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru
Business restriction · Extension
Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru
Business restriction · Extension
Sri Guru Raghavendra Sahakara Bank Niyamitha
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Sri Guru Raghavendra Sahakara Bank Niyamitha
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Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka
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