DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 (AACS) - THE GUJARAT RAJYA KARMACHARI CO-OP. BANK LTD., AHMEDABAD, GUJARAT

MUMBAI, India, March 11 -- Reserve Bank of India issued the following press release:

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949(AACS), the Reserve Bank of India (RBI) vide Directive Ref. No. AMD. DOS. SSM.No. S1057/11-04-083/2025-26 dated March 11, 2026, has issued certain Directions to The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad, Gujarat,("the bank"), whereby, as from the close of business on March 11, 2026, the bank shall not, without prior approval of RBI in writing grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and accepta...