Document title: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – The Industrial Co-operative Bank Ltd., Guwahati – Extension of period
Issuing authority: Reserve Bank of India
Reference number: Press Release: 2026-2027/602
Date: July 03, 2026
Regulatory and Policy Measures
The Reserve Bank of India had initially issued a directive (Directive No.GWH.DOS.ADM.No.S103/01-10-101/2025-26) on July 3, 2025, granting The Industrial Co-operative Bank Ltd., Guwahati a six‑month period of operation up to close of business on January 4, 2026. This was subsequently extended to close of business on July 4, 2026 by Directive No.DOR.MON./D-63/12-29-104/2025-26 dated March 24, 2026. On July 3, 2026, the RBI exercised its powers under sub‑section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949 to further extend the directive for an additional three months, now expiring on October 4, 2026, subject to review. The RBI expressly stated that this extension should not be construed as an indication of satisfaction with the bank’s financial position, and all other terms and conditions of the original directive remain unchanged.
The extension reflects the RBI’s continued supervisory oversight of the cooperative bank, ensuring that operational constraints remain in place while allowing the institution additional time to address any outstanding issues.
This content may not be financially relevant.