Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad – 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 Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad, vide Directive No. AMD.DOS.SSM.No.S1057/11-04-083/2025-2026 dated March 11, 2026 for a period of six months up to close of business on September 11, 2026. The Reserve Bank of India is satisfied that in the public…
The Reserve Bank of India has issued Directions under Section 35A of the Banking Regulation Act, 1949, in conjunction with Section 56, to The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad. Directive No. AMD.DOS.SSM.No.S1057/11-04-083/2025-2026, dated March 11, 2026, has been extended for a period of six months, valid until September 11, 2026.
The Reserve Bank of India has concluded that in the public interest, it is necessary to further prolong the directive beyond the specified date. Consequently, the directive will now be extended for an additional three months, from September 11, 2026, to December 11, 2026, subject to review. All other terms and conditions pertaining to the directive remain unchanged.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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