India, April 7 -- The Reserve Bank of India has extended the regulatory directions imposed on Ramgarhia Co-operative Bank Ltd.
The directions, originally issued in July 2022 and subsequently extended from time to time, were valid until April 8, 2026. The RBI has now further extended these restrictions by three months, up to July 8, 2026, subject to review.
The extension has been made in public interest under the provisions of the Banking Regulation Act, 1949.
The RBI clarified that this extension does not indicate satisfaction with the bank's financial position, and all existing terms and conditions of the directive will remain unchanged.
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