Document Title: Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Ramgarhia Co-operative Bank Limited, New Delhi – Extension of Period
Issuing Authority: Reserve Bank of India
Reference No.: Press Release 2026-2027/596
Date: 2 July 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 directive previously issued to Ramgarhia Co‑operative Bank Limited, New Delhi. The original directive (No. DEL.DOS.EXG_SSM.No.S515/12-10-013/2022-2023 dated 7 July 2022) covered a six‑month period from close of business on 8 July 2022 to close of business on 8 January 2023 and was subsequently extended by Directive No. DOR.MON.D-03/12.28.115/2026-27 dated 1 April 2026. The current extension adds a further three‑month period, now running from close of business on 8 July 2026 to close of business on 8 October 2026, subject to review. The RBI expressly states that this extension should not be construed as an indication of satisfaction with the bank’s financial position. All other terms and conditions of the original directive remain unchanged.
The extension reflects the RBI’s assessment that continued regulatory oversight is in the public interest, ensuring stability and compliance within the cooperative banking sector.