What changed
RBI extended the existing Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for The Industrial Co-operative Bank Ltd., Guwahati by three months, from close of business on July 4, 2026 to close of business on October 4, 2026. The original six-month directive was issued on July 3, 2025, and had been extended once until July 4, 2026 via directive dated March 24, 2026. All other terms and conditions remain unchanged.
What it means for you
The bank continues to operate under RBI-imposed directions. The extension does not imply RBI satisfaction with the bank's financial position.
What you must do
- Review any exposure to The Industrial Co-operative Bank Ltd., Guwahati and assess credit risk.
- Monitor RBI announcements for further extensions or modifications to the directive.
- Advise depositors and stakeholders about the continued regulatory restrictions.
- Ensure compliance with any RBI guidelines related to dealings with banks under such directions.
Who it affects
The Industrial Co-operative Bank Ltd., Guwahati, Depositors and customers of the bank, Other co-operative banks and lenders with interbank exposure, RBI supervisory and compliance teams
Why did RBI extend the directions for this bank?
RBI extended the directions in public interest, as stated in the press release. The extension does not imply RBI is satisfied with the bank's financial position.
What does this extension mean for depositors?
Depositors remain under the same restrictions as before. The bank cannot conduct normal business freely, and depositors should stay informed about withdrawal limits or other conditions specified in the original directive.
Will the bank be allowed to resume normal operations after October 4, 2026?
Not necessarily. The extension is subject to review, and RBI may further extend, modify, or revoke the directions based on the bank's financial health and public interest.