RBI extends directions on Bengaluru’s Raghavendra cooperative bank
RBI has extended existing directions on Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru, until close of business on 10 May 2027.
The story in brief
The 6 November release extends the directions for another six months from close of business on 10 November 2026, subject to review. RBI first issued the directive on 2 January 2020; this announcement continues an existing regulatory arrangement rather than lifting it.1 Other terms and conditions remain unchanged. RBI explicitly cautions that the extension should not itself be interpreted as the regulator being satisfied with the bank’s financial position. The statement concerns this particular cooperative bank in Bengaluru.1 Context: The new end date does not mean restrictions have ended or certify that the bank’s finances have recovered.
Context: Customers should verify the applicable bank directions and current RBI updates before acting on rumours.
Who this matters for: Customers of the named cooperative bank
Not yet known
The release does not restate transaction or withdrawal limits.
Sources
- 1Sri Guru Raghavendra Sahakara Bank Niyamitha, Bengaluru – Extension of Period of Directions ↗Reserve Bank of India · 6 November 2026
✓ Facts last checked:
More in today's Gist
SEBI and BHASHINI explore investor information in Indian languages
SEBI and BHASHINI have agreed to explore regional-language investor information, but the collaboration does not yet announce a new public service.
RBI starts household inflation survey in 19 cities, including Kolkata
RBI’s November survey asks households how they see prices changing; people outside the selected sample can also submit their responses.
EPFO: eligible small inactive accounts to settle automatically
EPFO has launched automatic settlement for eligible inactive accounts holding up to ₹1,000, alongside WhatsApp access to balance and passbook information.