Date: 2026-01-02Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Industrial Co-operative Bank Ltd., Guwahati – Extension of period
On January 02, 2026, the Reserve Bank of India (RBI) issued a press release regarding the extension of the period of directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, applicable to co-operative societies, specifically The Industrial Co-operative Bank Ltd., Guwahati. The initial directions were issued on July 03, 2025, vide Directive No.GWH.DOS.ADM.No.S103/01-10-101/2025-26, for six months, up to the close of business on January 04, 2026.
Given that the RBI finds it necessary in the public interest, the directions have been extended for a further three months, from January 04, 2026, to April 04, 2026, subject to review. All other terms and conditions of the original directive remain unchanged.
The press release number is 2025-2026/1835. Brij Raj, Chief General Manager, is the contact person. RBI's website is www.rbi.org.in, and the email address is helpdoc@rbi.org.in. The Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, and the phone number is 022 - 2266 0502.
Key Entities Referenced
Section 35A read with Section 56 of the Banking Regulation Act, 1949: Legal sections under which directions are issued regarding the Industrial Co-operative Bank Ltd., Guwahati.
The Industrial Co-operative Bank Ltd., Guwahati: The specific bank to which the directions and restrictions apply.
Reserve Bank of India: The regulatory body issuing the directives to The Industrial Co-operative Bank Ltd., Guwahati.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
RESERVE BANK OF INDIA
वेबसाइट : www.rbi.org.in/hindi संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
January 02, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 (As Applicable to Co-operative Societies) – The Industrial
Co-operative Bank Ltd., Guwahati – Extension of period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949 to The Industrial Co-operative Bank Ltd.,
Guwahati vide Directive No.GWH.DOS.ADM.No.S103/01-10-101/2025-26 dated July
03, 2025 for a period of six months up to close of business on January 04, 2026. The
Reserve Bank of India is satisfied that in the public interest, it is necessary to further
extend the period of operation of the Directive beyond close of business on January
04, 2026.
2. Accordingly, the Reserve Bank of India, in exercise of powers vested in it under
sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act,
1949, hereby extends the Directions for a further period of three months from the close
of business on January 04, 2026 to the close of business on April 04, 2026, subject to
review.
3. All other terms and conditions of the Directive under reference shall remain
unchanged.
(Brij Raj)
Press Release: 2025-2026/1835 Chief General Manager