India’s central bank extends regulatory directions for bank
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On November 6, 2026, the Reserve Bank of India issued a notice extending the regulatory directions imposed on Sri Guru Raghavendra Sahakara Bank Niyamitha, based in Bengaluru, by six months. The directions were originally due to expire at the close of business on November 10, 2026, and have now been extended until the close of business on May 10, 2027. The decision is subject to review. The Reserve Bank of India also stated that the extension should not be construed as indicating its endorsement of the bank’s financial position, and that all other terms of the original regulatory directions remain unchanged.
AI-written from reports · updated 9 hours ago
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- Reserve Bank of India — Press releasesReserve Bank of India extends supervisory directions for Sri Guru Raghavendra Sahakara Bank Niyamitha to May 10, 2027
The Reserve Bank of India has extended the supervisory directions for Bengaluru-based Sri Guru Raghavendra Sahakara Bank Niyamitha by six months, from the close of business on November 10, 2026, to the close of business on May 10, 2027, and accepted a review. The Reserve Bank of India said the extension should not be construed as an endorsement of the bank’s financial position, while the other terms of the original directions remain unchanged.
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