Document 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
Issuing authority: Reserve Bank of India
Reference number: Press Release 2026-2027/1098
Date: 11 September 2026
Regulatory and Policy Measures
The RBI, exercising powers under sub‑section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, has extended the directive previously issued to Gujarat Rajya Karmachari Co‑op. Bank Ltd., Ahmedabad. The original directive, identified as AMD.DOS.SSM.No.S1057/11‑04‑083/2025‑2026 and dated 11 March 2026, was for a period of six months, expiring at the close of business on 11 September 2026. The RBI has now extended this period for an additional three months, to close of business on 11 December 2026, subject to review. The extension is justified on the basis of public interest, and the RBI expressly states that the extension does not imply satisfaction with the bank’s financial position. All other terms and conditions of the original directive remain unchanged. The press release is signed by the Chief General Manager, Brij Raj.
Banking and Credit
The extension pertains specifically to Gujarat Rajya Karmachari Co‑op. Bank Ltd., indicating continued supervisory oversight of the institution’s operations and financial health. No further operational or credit policy changes are announced.
The RBI’s decision to prolong the directive underscores ongoing regulatory monitoring of the cooperative bank, while maintaining that the bank’s financial condition remains under scrutiny. No additional regulatory actions are indicated at this time.