Date: 2025-11-07Category: 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, Karnataka - Extension of Period
On November 07, 2025, 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 for Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka.
RBI had previously issued directions to the bank on January 02, 2020, under Directive No. DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20, for a period of six months up to July 10, 2020. Given public interest considerations, RBI has extended the directive for a further three months, from November 10, 2025, to February 10, 2026, subject to review. The other terms and conditions of the directive remain unchanged. RBI clarifies that this extension should not be construed as an indication of satisfaction with the bank's financial position.
The press release number is 2025-2026/1471. The contact person is Brij Raj, Chief General Manager. 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, phone: 022 - 2266 0502.
Key Entities Referenced
Banking Regulation Act, 1949: Governs the regulation of banking companies in India; sections 35A and 56 are specifically referenced.
Section 35A: Section of the Banking Regulation Act used by RBI to issue directions.
Reserve Bank of India: The central bank of India, issuing the directions and extending the restriction period for the bank.
Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka: The bank subject to the directions being extended.
Section 56: Section of the Banking Regulation Act relevant to cooperative banks.
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
November 07, 2025
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 - Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru,
Karnataka - 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, Karnataka 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 November 10, 2025.
2. Accordingly, the Reserve Bank of India, in exercise of the 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 November 10, 2025, to close of business on February 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: 2025-2026/1471 Chief General Manager