India, Dec. 8 -- The Reserve Bank of India (RBI) has extended its Directions issued to The Amanath Co-operative Bank Ltd., Bangalore under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The earlier directive, dated June 12, 2024, was valid until the close of business on December 12, 2025.
In the interest of public welfare, RBI has now extended the validity of the Directions by an additional three months—from the close of business on December 12, 2025, to the close of business on March 12, 2026. This extension remains subject to review.
RBI clarified that the extension or modification of the directive should not be interpreted as a reflection of its satisfaction with the financial position of the bank.
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