2026-11-07 · 1 statements · 1 actors
RBI extension of Directive for Sri Guru Raghavendra Sahakara Bank, Bengaluru, 6 Nov 2026
The Reserve Bank of India states that it is satisfied that in the public interest the Directive issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru needs to be further extended beyond November 10, 2026. It extends the Directive for six months, to May 10, 2027, subject to review, and states that this should not be construed as satisfaction with the bank's financial position.
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Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru - Extension of Period
2026-11-07 · central bank
The Reserve Bank of India states that it is satisfied that in the public interest the Directive issued to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru needs to be further extended beyond November 10, 2026. It extends the Directive for six months, to May 10, 2027, subject to review, and states that this should not be construed as satisfaction with the bank's financial position.