Case Brief
The Reserve Bank of India has extended the 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 original directive, issued on July 03, 2025, had already been extended earlier and is now further extended from close of business on October 04, 2026 to close of business on January 04, 2027. The release states that all other terms and conditions of the directive remain unchanged and that the extension should not be interpreted as RBI being satisfied with the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Guwahati, Assam