Date: 2025-09-04Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Amanath Co-operative Bank Ltd., Bangalore – Extension of Period
**Policy Summary:**
The Reserve Bank of India (RBI) has extended the Directions imposed on The Amanath Cooperative Bank Ltd., Bangalore, under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for a further period of three months. This extension is effective from the close of business on September 12, 2025, to the close of business on December 12, 2025, and is subject to review. The original Directions were issued on June 12, 2024, and previously extended until September 12, 2025. The RBI states that this extension is necessary in the public interest. All other terms and conditions of the original Directive remain unchanged.
Contact Information:
Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001.
Email: helpdoc@rbi.org.in
Phone: 022-2266 0502
Key Entities Referenced
Reserve Bank of India: The central bank of India, which issued the directive.
Section 35A: A section of the Banking Regulation Act, 1949, granting powers to the Reserve Bank of India.
Section 56: A section of the Banking Regulation Act, 1949, likely related to cooperative banks.
Banking Regulation Act, 1949: An act of the Indian Parliament regulating the banking sector in India.
The Amanath Cooperative Bank Ltd., Bangalore: A cooperative bank in Bangalore, Karnataka, subject to the directive.
Bangalore, Karnataka: The city and state where The Amanath Cooperative Bank Ltd. is located.
Puneet Pancholy: Chief General Manager at Reserve Bank of India
December 12, 2025: The date to which the directive on The Amanath Cooperative Bank Ltd. has been extended.
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
September 04, 2025
Directions under Section 35A read with Section 56 of the Banking
Regulation Act, 1949 – The Amanath Co-operative Bank Ltd.,
Bangalore – 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 Amanath Co-operative Bank Ltd.,
Bangalore vide Directive No. CO.DOS.SED.No.S1931/12.23.001/2024-2025 dated
June 12, 2024 for a period of six months upto December 12, 2024, as modified from
time to time, which were last extended upto September 12, 2025 vide Directive No.
DOR.MON/D-14/12.23.001/2025-26 dated June 03, 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 September 12, 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 three months from
close of business of September 12, 2025 to close of business of December 12, 2025,
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.
(Puneet Pancholy)
Press Release: 2025-2026/1037 Chief General Manager