The Industrial Co-operative Bank Ltd., Guwahati

RBI has extended its existing Directions on The Industrial Co-operative Bank Ltd., Guwahati for another three months. The underlying terms of the directive remain unchanged.

The bank remains subject to the same RBI-imposed operational constraints under the existing directive until close of business on January 04, 2027, unless modified earlier on review. Customers and counterparties continue to operate under the restrictions already in force; the release does not state any relaxation.

• Section 35A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949

RBI extended its existing Section 35A read with Section 56 directions on The Industrial Co-operative Bank Ltd., Guwahati. The directions now run until close of business on October 04, 2026.

The bank remains subject to the existing RBI directions, with the same operational constraints continuing through October 04, 2026 unless modified earlier on review. Depositors, customers, and counterparties continue to be affected by the restrictions already embedded in the directive; no new relaxation is granted.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI has further extended its existing Directions on The Industrial Co-operative Bank Ltd., Guwahati until July 4, 2026. The terms of the directive remain unchanged.

The bank remains subject to the same RBI-imposed operating conditions until close of business on July 4, 2026. Any depositors, customers, and counterparties must continue to deal with the bank under the unchanged restrictions in the directive, which remains under periodic review.

• Section 35A
• Section 56
• sub-section (1) of Section 35A

RBI has extended its existing Section 35A directions against The Industrial Co-operative Bank Ltd., Guwahati. The order remains in force until April 04, 2026, with no change in terms.

The bank must continue complying with the existing RBI directions through April 04, 2026, and any operational constraints already in place remain effective. Customers and counterparties remain subject to the same restrictions until RBI reviews and modifies or withdraws the directive.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI imposed fresh Section 35A directions on The Industrial Co-operative Bank Ltd., Guwahati, restricting core banking activities and capping withdrawals at ₹35,000 per depositor. The order is in force for six months from July 04, 2025, subject to review.

The bank must operate under significant restrictions for six months unless RBI modifies the order. Depositors face a withdrawal cap of ₹35,000 per account, and the bank cannot expand lending, accept fresh deposits, or undertake several liability-creating or asset-disposal actions without RBI approval. DICGC coverage up to ₹5 lakh is mentioned for eligible depositors, subject to conditions and verification.

• Section 35 A read with Section 56 of the Banking Regulation Act, 1949

RBI imposed a ₹5 lakh penalty on The Industrial Cooperative Bank Ltd., Guwahati. The penalty was for breaches of KYC and money-laundering-related bank obligations.

The bank must absorb the financial penalty, but the release does not mention any operational restriction or customer-facing limitation. The action signals RBI’s enforcement on compliance with KYC and AML-related requirements.

• Section 47A(1)(b)
• Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Cooperative Societies)