✎ RBI extended banking regulations for Gujarat Rajya Karmachari Co-op Bank till Dec 11, 2026 under Banking Regulation Act.
Relevance for Banking, SSC & RBI Grade B exams: Polity
The Reserve Bank of India (RBI) has extended the period of its Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 for The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad, by three months, from September 11, 2026, to December 11, 2026. Initially issued for six months on March 11, 2026, the RBI deemed it necessary to further extend the directive in the public interest, exercising its powers under the Banking Regulation Act. The extension maintains all prior terms and conditions of the directive, subject to periodic review.
This development is highly relevant for aspirants preparing for Bank PO, IBPS, SBI, RBI Grade B, and SSC exams, as it highlights the RBI’s regulatory authority over cooperative banks under the Banking Regulation Act. Questions related to RBI’s powers under Section 35A, cooperative banking governance, and financial stability measures often feature in these examinations. Understanding such directives helps candidates grasp the RBI’s role in maintaining monetary and financial stability, a key topic in both banking and civil service exams.
Source: RBI
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