Case Brief
What Happened
The Reserve Bank of India has extended the operating directions earlier issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru. The extension runs from close of business on May 10, 2026 to close of business on August 10, 2026, and the RBI notes that all other terms and conditions of the directive remain unchanged and the extension should not be taken as approval of the bank's financial position.