Date: 2025-12-31Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Innovative Co-operative Urban Bank Limited, Delhi – Extension of Period
On December 31, 2025, the Reserve Bank of India (RBI) extended the Directive issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Innovative Co-operative Urban Bank Limited, Delhi. The extension is for a further period of 03 months, from close of business on January 04, 2026, to close of business on April 04, 2026, subject to review. The original Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 was dated July 03, 2025, and covered a period of 06 months up to the close of business on January 04, 2026. Other terms and conditions of the Directive under reference, shall remain unchanged. Contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001. Phone: 022 - 2266 0502. RBI websites include: www.rbi.org.in/hindi and www.rbi.org.in. Email can be sent to helpdoc@rbi.org.in. The press release number is 2025-2026/1809. Brij Raj, Chief General Manager.
Key Entities Referenced
Banking Regulation Act, 1949: The primary law under which directions are issued and extended.
Section 35A: Section of the Banking Regulation Act, 1949, that grants the Reserve Bank of India the power to issue directions to banking companies.
Section 56: Section of the Banking Regulation Act, 1949, relevant to cooperative banks.
Innovative Co-operative Urban Bank Limited, Delhi: The specific bank to which the directives are being issued.
Reserve Bank of India: The central bank issuing the directive.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
December 31, 2025
Directions under Section 35A read with Section 56 of the Banking Regulation Act,
1949 – Innovative Co-operative Urban Bank Limited, 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,
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 up to close of business on January 04, 2026. The
Reserve Bank of India is satisfied that in the public interest, it is necessary to further
extend the period of operation of the Directive beyond close of business on January 04,
2026.
2. Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under
sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949,
hereby extends the Directive for a further period of 03 months from close of business on
January 04, 2026 to close of business on April 04, 2026, subject to review.
3. The aforesaid extension by the Reserve Bank of India should not per-se be construed
to imply that the Reserve Bank of India is satisfied with the financial position of the bank.
4. Other terms and conditions of the Directive under reference, shall remain unchanged.
(Brij Raj)
Press Release: 2025-2026/1809 Chief General Manager