The Reserve Bank of India (RBI) has extended the directions imposed on The Gauhati Co-operative Urban Bank Ltd., Guwahati, for a further period of three months, from June 17, 2026 to September 17, 2026, subject to review.
The restrictions were originally imposed under Section 35A read with Section 56 of the Banking Regulation Act, 1949, and were scheduled to expire at the close of business on June 17, 2026. The RBI stated that it considered the extension necessary in the public interest.
The central bank clarified that the extension of the directive should not be construed as an indication that it is satisfied with the bank's financial position.
All other terms and conditions of the existing directions will remain unchanged during the extended period.