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 Ramgarhia Co-operative Bank Limited. The original directive, vide Directive No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated July 7, 2022, covered a six‑month period from the close of business on July 8, 2022 to the close of business on January 8, 2023. This was subsequently extended by Directive No. DOR.MON.D-21/12.28.115/2026-27 dated June 30, 2026.
The current extension, effective from the close of business on October 8, 2026, prolongs the directive for an additional three months, ending on the close of business on January 8, 2027, and remains subject to review. The RBI explicitly states that this extension should not be construed as an indication that it is satisfied with the bank’s financial position. All other terms and conditions of the original directive continue to apply unchanged.
The press release is signed by the Chief General Manager, Brij Raj.
This extension reflects the RBI’s continued supervisory oversight of Ramgarhia Co-operative Bank Limited in the public interest.