Case Brief
What Happened
The Reserve Bank of India has extended the period of operation of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against The Industrial Co-operative Bank Ltd., Guwahati. The earlier directive, issued on July 3, 2025 and last extended up to April 4, 2026, has now been extended for a further three months, up to close of business on July 4, 2026, subject to review. The RBI states that the extension is in the public interest and that all other terms and conditions of the directive continue unchanged.