Bank
RBI Extends Directions on The Amanath Co-operative Bank Ltd., Bangalore
The RBI has extended Directions under Section 35A on The Amanath Co-operative Bank Ltd., Bangalore, for a further three months, from Dec 12, 2025, to March 12, 2026, subject to review.
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New Delhi: The Reserve Bank of India (RBI) has announced the extension of Directions issued to The Amanath Co-operative Bank Ltd., Bangalore. This decision was made under Section 35A read with Section 56 of the Banking Regulation Act, 1949, and is deemed necessary in the public interest.
Key Details of the Extension
| Particular | Details |
| Bank Name | The Amanath Co-operative Bank Ltd., Bangalore |
| Original Directive Date | June 12, 2024 |
| Original Period | Six months, up to close of business on December 12, 2024 |
| Extended Period | Three months |
| New Expiry Date | Close of business on March 12, 2026 |
| Status | Subject to review |
The RBI emphasized that this extension and/or modification should not be construed to imply that the RBI is satisfied with the financial position of the bank. All other terms and conditions of the original Directive remain unchanged.
The Directions grant the RBI powers to regulate the bank's operations, often imposing restrictions on activities like lending, investment, and deposit acceptance to protect depositors' interests.