{
  "id": 18255845,
  "title": "Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Urban Co-operative Bank Limited, Dehradun - Extension of Period",
  "url": "https://urgent.news/2026/11/05/directions-under-section-35a-read-with-section-56-of-the-banking",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T05:48:51.000Z",
  "source": {
    "name": "Reserve Bank of India",
    "slug": "reserve-bank-of-india",
    "url": "https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63922"
  },
  "original_language": "en",
  "account": "The Reserve Bank of India recently announced an extension of the period for the Directions under Section 35A, read with Section 56 of the Banking Regulation Act, 1949, issued to Urban Co-operative Bank Limited, Dehradun. The directive, initially set to expire on August 10, 2026, was last extended on August 05, 2026, for a period of 06 months. On February 09, 2026, the Reserve Bank of India issued Directive No. DDN.DOS.QAG.No.S168/03-04-007/2025-2026, extending the operation period of the Directions beyond its initial expiry.\n\nUpon careful consideration, the Reserve Bank of India has decided to further extend the Directive's period for an additional 03 months, which will now run until February 10, 2027. This extension is subject to a review, as per sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949. The Reserve Bank of India's satisfaction with the bank's financial position is not implied by this extension.\n\nThe terms and conditions of the existing Directive under reference remain unchanged after this extension. The decision was made by the Chief General Manager, Brij Raj, as communicated in the Press Release dated 2026-2027/1444.",
  "summary": "The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Urban Co-operative Bank Limited, Dehradun vide Directive No. DDN.DOS.QAG.No.S168/03-04-007/2025-2026 dated February 09, 2026, for a period of 06 months from close of business on February 10, 2026 up to close of business on August 10, 2026, which was last extended vide…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Hellenic Shipping News",
        "title": "USTR proposes further two-month extension of Section 301 suspension",
        "url": "https://urgent.news/2026/11/03/ustr-proposes-further-two-month-extension-of-section-301-suspension",
        "published": "2026-11-03T18:00:51.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}