Case Brief
What Happened
The Reserve Bank of India issued a fresh extension of the Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 that were earlier imposed on The Industrial Co-operative Bank Ltd., Guwahati. The original directive, dated July 03, 2025, was valid until close of business on January 04, 2026. RBI has now extended the same directions for a further three months, up to close of business on April 04, 2026, subject to review. The release states that all other terms and conditions of the directive remain unchanged.