Date: 2025-12-08Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 –Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan – Extension of period
The Reserve Bank of India (RBI) issued a press release on December 08, 2025, regarding the extension of directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, pertaining to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. These directions were initially issued on October 26, 2018, via Directive DCBS.CO.BSD-I/D-2/12.27.215/2018-19 for a period of six months up to May 09, 2019, and were subsequently extended until December 09, 2025, via Directive DOR.MON/D-27/12.27.215/2024-25 dated September 04, 2025. The RBI, deeming it necessary in the public interest, has further extended the directive for a period of three months from the close of business on December 09, 2025, to the close of business on March 09, 2026, subject to review. All other terms and conditions of the Directive will remain unchanged. The press release number is 2025-2026/1656. Brij Raj, Chief General Manager, is the contact person. The Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, Phone: 022 - 2266 0502. Website: www.rbi.org.in, email: helpdoc@rbi.org.in
Key Entities Referenced
Banking Regulation Act, 1949: The act under which directions are issued, mentioned in the context of Section 35A and Section 56.
Section 35A: Section of the Banking Regulation Act, 1949, under which the directions are issued.
Section 56: Section of the Banking Regulation Act, 1949, related to co-operative banks, read with Section 35A.
Reserve Bank of India: The issuer of the directions.
Sikar Urban Co-operative Bank Ltd.: The bank to which the directions apply, located in Sikar, Rajasthan.
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 08, 2025
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 –Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan –
Extension of period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949 to Sikar Urban Co-operative Bank Ltd., Sikar,
Rajasthan vide Directive DCBS.CO.BSD-I/D-2/12.27.215/2018-19 dated October 26,
2018, for a period of six months up to May 09, 2019 as modified from time to time,
which were last extended up to December 09, 2025 vide Directive DOR.MON/D-
27/12.27.215/2024-25 dated September 04, 2025. 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 December 09, 2025.
2. Accordingly, the Reserve Bank of India, in exercise of the 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 three months from
close of business on December 09, 2025, to close of business on March 09, 2026,
subject to review.
3. All other terms and conditions of the Directive under reference shall remain
unchanged.
(Brij Raj)
Press Release: 2025-2026/1656 Chief General Manager