DIRECTIONS UNDER SECTION 35A READ WITH SECTION 56 OF THE BANKING REGULATION ACT, 1949 - THE AMANATH CO-OPERATIVE BANK LTD., BANGALORE - EXTENSION OF PERIOD

MUMBAI, India, June 6 -- 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 The Amanath Co-operative Bank Ltd., Bangalore vide Directive No. CO.DOS.SED.No.S1931/12.23.001/2024-2025 dated June 12, 2024 for a period of six months upto December 12, 2024 as modified from time to time, which were last extended upto June 12, 2025 vide Directive No. DOR.MON/D-104/12.23.001/2024-25 dated March 05, 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 June 12, 2025.

2. Accordingly, the Reserve Bank of India, in the exerc...