{
  "id": 18492116,
  "title": "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru - Extension of Period",
  "url": "https://urgent.news/2026/11/06/directions-under-section-35a-read-with-section-56-of-the-banking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-06T11:54:51.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63938"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India has extended the period of operation of a directive issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru under Section 35A of the Banking Regulation Act, 1949, read with Section 56. This directive, issued on January 02, 2020, was initially set to expire on July 10, 2020. However, the Reserve Bank has now decided to further extend it until May 10, 2027, with a review period in between.\n\nThe bank's financial position was not a factor in this decision. The extension is for a period of six months from November 10, 2026, to May 10, 2027. The terms and conditions of the directive remain unchanged. This decision was made in the public interest and is in line with the RBI's powers under sub-section (1) of the mentioned sections of the Banking Regulation Act.",
  "summary": "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 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,…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hellenic Shipping News",
        "title": "USTR proposes further two-month extension of Section 301 suspension",
        "url": "https://urgent.news/2026/11/03/ustr-proposes-further-two-month-extension-of-section-301-suspension",
        "published": "2026-11-03T18:00:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}