What changed
RBI extended the existing Directive under Section 35A of the Banking Regulation Act for Ramgarhia Co-operative Bank by three months, from close of business on July 08, 2026 to close of business on October 08, 2026. The original directive was issued in July 2022 and was last extended on April 01, 2026. All other terms and conditions of the directive remain unchanged.
What it means for you
The bank continues to operate under RBI-imposed restrictions. RBI states this extension should not per-se be construed to imply satisfaction with the bank's financial position.
What you must do
- Review any exposure to Ramgarhia Co-operative Bank and assess credit risk.
- Monitor RBI's future reviews for possible changes in the bank's status.
Who it affects
Ramgarhia Co-operative Bank Ltd, New Delhi, Depositors of the bank, Lenders and counterparties with exposure to the bank
Why did RBI extend the directions again?
RBI extended the directions in public interest, as it is satisfied that continued regulatory oversight is necessary. The extension should not per-se be construed to imply RBI satisfaction with the bank's financial position.
What restrictions apply to the bank under these directions?
The specific terms of the original directive remain unchanged. Refer to the original July 2022 directive for details.
How long will the extension last?
The extension is for three months, from close of business on July 08, 2026 to close of business on October 08, 2026, subject to review. Further extensions are possible.