Date: 2026-02-04Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru - Extension of Period
On February 04, 2026, the Reserve Bank of India (RBI) extended the directive issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru. This directive, initially issued on January 02, 2020, under Directive No. DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20, was for a period of six months up to July 10, 2020. The RBI has extended the directive for a further period of three months, from February 10, 2026, to May 10, 2026, subject to review. Other terms and conditions of the original directive remain unchanged. This press release (2025-2026/2040) was issued by (Brij Raj), Chief General Manager. RBI's website is www.rbi.org.in, with email helpdoc@rbi.org.in. The phone number is 022 - 2266 0502.
Key Entities Referenced
Banking Regulation Act, 1949: Act under which directions were issued to Sri Guru Raghavendra Sahakara Bank Niyamitha.
Section 35A: Section of the Banking Regulation Act under which the Reserve Bank of India issued directions.
Section 56: Section of the Banking Regulation Act read with Section 35A.
Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru: Cooperative bank to which directions were issued and whose period of restrictions is being extended.
Reserve Bank of India: The regulator issuing directions related to banking operations.
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
February 04, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru -
Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank
Niyamitha, Bengaluru vide Directive No. DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-
20 dated January 02, 2020, for a period of six months up to close of business on July
10, 2020. 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 February 10, 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 three months from
close of business on February 10, 2026 to close of business on May 10, 2026,
subject to review.
3. The aforesaid extension and /or modification 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: 2025-2026/2040 Chief General Manager