The Reserve Bank of India (RBI) has extended the directions imposed on Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, by another six months till May 10, 2027, subject to review.
The extension will come into effect from the close of business on November 10, 2026, under Section 35A read with Section 56 of the Banking Regulation Act, 1949.
The RBI clarified that the extension should not be construed as an indication of satisfaction with the bank's financial position. All other terms and conditions of the existing directions will remain unchanged.