Document title: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Amanath Co-operative Bank Ltd., Bangalore – Extension of Period
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1065
Date: September 08, 2026
Regulatory and Policy Measures
The Reserve Bank of India, exercising powers under sub‑section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, has extended the earlier directive issued to The Amanath Co-operative Bank Ltd., Bangalore. The original directive (Directive No. CO.DOS.SED.No.S1931/12-23-001/2024-2025) dated June 12, 2024 was for a six‑month period ending December 12, 2024. A subsequent extension was granted up to close of business on September 12, 2026. The RBI now further extends the directive for an additional three months, from the close of business on September 12, 2026 to the close of business on December 12, 2026, subject to review. The RBI clarifies that this extension or any modification should not be construed as an indication that it is satisfied with the financial position of the bank. All other terms and conditions of the original directive remain unchanged.
The extension reflects the RBI’s continued supervisory oversight of the bank in the public interest. No other regulatory or policy measures are disclosed in this release.
In conclusion, the RBI has prolonged its supervisory directive over Amanath Co‑operative Bank Ltd. by three months, maintaining existing conditions while emphasizing that the extension does not signal confidence in the bank’s financial health.