Date: 2026-01-07Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Ltd., New Delhi – Extension of Period
On January 07, 2026, the Reserve Bank of India (RBI) issued a press release regarding the extension of a directive under Section 35A read with Section 56 of the Banking Regulation Act, 1949, pertaining to Ramgarhia Co-operative Bank Ltd., New Delhi. The RBI had initially issued the directive vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 07, 2022, for six months up to the close of business on January 08, 2023, and it was last extended vide Directive No. DOR.MON.D-31/12.28.115/2025-26 dated October 06, 2025. The RBI has extended the directive for a further period of three months, from close of business on January 08, 2026, to close of business on April 08, 2026, subject to review. Other terms and conditions of the Directive under reference remain unchanged. This extension should not imply that RBI is satisfied with the financial position of the bank. The press release number is 2025-2026/1877. Brij Raj, Chief General Manager, is the contact person. The 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, with phone number 022 - 2266 0502.
Key Entities Referenced
Section 35A: A section of the Banking Regulation Act, 1949 referenced in the directive.
Banking Regulation Act, 1949: The act under which the directive is issued.
Ramgarhia Co-operative Bank Ltd., New Delhi: The co-operative bank to which the directive applies.
Section 56: A section of the Banking Regulation Act, 1949 referenced in the directive.
Reserve Bank of India: The issuer of the directive.
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
January 07, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – Ramgarhia Co-operative Bank Ltd., 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 Ltd., 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-31/12.28.115/2025-26
dated October 06, 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 January 08, 2026.
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 January 08, 2026 to close of business on April 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: 2025-2026/1877 Chief General Manager