{
  "id": 6721218,
  "title": "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",
  "url": "https://urgent.news/2026/09/11/directions-under-section-35a-read-with-section-56-of-the-banking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-11T07:14:37.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63576"
  },
  "original_language": "en",
  "account": "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.",
  "summary": "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…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Reserve Bank of India",
        "title": "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Loknete R.D. (Appa) Kshirsagar Sahakari Bank Ltd., Niphad, Tal. Niphad, Dist. Nashik – Extension of Period",
        "url": "https://urgent.news/2026/09/11/directions-under-section-35a-read-with-section-56-of-the-banking-6743292",
        "published": "2026-09-11T10:42:37.000Z"
      }
    ]
  },
  "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."
}