Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) – The Industrial Co-operative Bank Ltd., Guwahati – 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 Industrial Co-operative Bank Ltd., Guwahati vide Directive No.GWH.DOS.ADM.No.S103/01-10-101/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was last extended up to close of business on October 04, 2026, vide…
The Reserve Bank of India has extended the operational period of Directions under Section 35A of the Banking Regulation Act, 1949, for The Industrial Co-operative Bank Ltd. in Guwahati. This extension is part of Directive No.GWH.DOS.ADM.No.S103/01-10-101/2025-2026, which was initially issued on July 03, 2025. The initial extension was until the close of business on October 04, 2026, as per Directive No.DOR.MON./D-18/12-29-104/2026-2027 dated June 25, 2026.
However, the Reserve Bank of India has now decided to further extend these Directions for an additional period of three months, up to the close of business on January 04, 2027. This extension is in the public interest and is subject to review. The Reserve Bank of India's decision does not imply satisfaction with the bank's financial position. All other terms and conditions of 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.
