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RBI extends regulatory restrictions on Gujarat Rajya Karmachari Co-op Bank

The Reserve Bank of India has extended its supervisory directive under the Banking Regulation Act on The Gujarat Rajya Karmachari Co-op. Bank Ltd., Ahmedabad, beyond September 11, 2026. The extension indicates continued financial or governance weaknesses at the cooperative bank, prolonging restrictions on its operations. This is a routine regulatory action for a small cooperative bank, with limited systemic market impact.

Reserve Bank of India — Press Releases1 day agoINengCredibility 33%View source

Score Breakdown

Mosaic Score2.1
Confidence0.9
Significance0.1
Source credibility0.3

Intelligence Tags

Locations

Ahmedabad

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country
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