Case Brief
The Reserve Bank of India has extended the period of operation of its existing Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 applicable to The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad. The original directive, dated March 11, 2026, was valid up to close of business on September 11, 2026; RBI has now extended it for a further three months up to close of business on December 11, 2026, subject to review. The press release says all other terms and conditions remain unchanged and clarifies that the extension should not be construed as implying RBI is satisfied with the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Ahmedabad, Gujarat