Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Innovative Co-operative Urban Bank Limited, New Delhi – Extension of Period
The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Innovative Co-operative Urban Bank Limited, New Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 dated July 03, 2025 for a period of 06 months from close of business on July 04, 2025 up to close of business on January 04, 2026, which was last extended vide…
The Reserve Bank of India has extended the period of a directive issued to Innovative Co-operative Urban Bank Limited, New Delhi, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The directive, which was last extended on June 29, 2026, will now run until January 4, 2027, with an additional three-month extension from October 4, 2026 to January 4, 2027.
The Reserve Bank of India's decision to further prolong the directive is based on its belief that it is in the public interest to do so. The extension does not, however, indicate that the Reserve Bank of India is satisfied with the bank's financial position. All other terms and conditions outlined in the original directive remain unchanged.
Written by urgent.news from Reserve Bank of India's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
