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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…

  • Reserve Bank of India extends Directions under Section 35A for Industrial Co-operative Bank Ltd.
  • Extension applies to Guwahati branch, until January 04, 2027.
  • Decision made public interest, subject to review.

RBI issues Amendment Directions on ‘Simplified approval process for subsequent acquisitions of major shareholding in a banking company by mutual funds, insurance companies and pension funds’

The Reserve Bank, vide Press Release dated July 14, 2026 , had issued the draft "Reserve Bank of India (Acquisition and Holding of Shares or Voting Rights) Amendment Directions, 2026” , seeking…

  • RBI issued draft amendment on July 14, 2026
  • Final Amendment Directions released August 14, 2026
  • Streamlined approval process for major shareholdings

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