DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - SRI GURU RAGHAVENDRA SAHAKARA BANK NIYAMITHA, BENGALURU, KARNATAKA - EXTENSION OF PERIOD

MUMBAI, India, May 7 -- Reserve Bank of India issued the following press release:

The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, Karnataka vide Directive DOS.CO.UCB.BSD-III.D-2/12.23.283/2019-20 dated January 02, 2020, for a period of six months up to July 10, 2020, as modified from time to time, which were last extended up to the close of business on May 10, 2025 vide Directive DOR.MON/D-98/12.23.283/2024-25 dated February 07, 2025. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond May 10, 2025.

2. Accordingly...