Date: 2025-10-07Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Limited, New Delhi – Extension of Period
On October 7, 2025, the Reserve Bank of India (RBI) issued a press release regarding the extension of a directive for Ramgarhia Co-operative Bank Limited, New Delhi. The original directive was issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022, for a period of 06 months until January 08, 2023, which was last extended vide Directive No. DOR.MON.D-18/12.28.115/2025-26 dated July 04, 2025. The RBI has extended the directive for another 3 months, from close of business on October 08, 2025, to close of business on January 08, 2026, subject to review. The RBI states that the extension should not be construed as an indication of satisfaction with the bank's financial position. Other terms and conditions of the original directive remain unchanged.
Contact information for the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001 is provided with the phone number 022 - 2266 0502 and email address helpdoc@rbi.org.in. The website is www.rbi.org.in. The Press Release number is 2025-2026/1262, and the release was issued by Brij Raj, Chief General Manager.
Key Entities Referenced
Banking Regulation Act, 1949: Governs the regulation of banking companies in India.
Reserve Bank of India: India's central bank, responsible for regulating the banking system.
Section 35A: Section of the Banking Regulation Act, 1949 that grants powers to the Reserve Bank of India to issue directions.
Ramgarhia Co-operative Bank Limited, New Delhi: A cooperative bank in New Delhi subject to directions issued by the Reserve Bank of India.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
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
October 07, 2025
Directions under Section 35A read with Section 56 of the Banking
Regulation Act, 1949 – Ramgarhia Co-operative Bank Limited,
New Delhi – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949 to Ramgarhia Co-operative Bank Limited,
New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023
dated July 07, 2022 for a period of 06 months up to close of business on January 08,
2023, which was last extended vide Directive No. DOR.MON.D-18/12.28.115/2025-
26 dated July 04, 2025. 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 October 08, 2025.
2. Accordingly, the Reserve Bank of India, in the 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 Directive for a further period of 03 months from close
of business on October 08, 2025 to close of business on January 08, 2026, subject to
review.
3. The aforesaid extension by the Reserve Bank of India should not per-se be
construed to imply that the Reserve Bank of India is satisfied with the financial
position of the bank.
4. Other terms and conditions of the Directive under reference, shall remain
unchanged.
(Brij Raj)
Press Release: 2025-2026/1262 Chief General Manager