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
On December 08, 2025, the Reserve Bank of India (RBI) issued a press release extending the directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, for Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The original directive, DCBS.CO.BSD-I/D-2/12.27.215/2018-19 dated October 26, 2018, was for six months up to May 09, 2019, and was subsequently modified and extended up to December 09, 2025, vide Directive DOR.MON/D-27/12.27.215/2024-25 dated September 04, 2025.
Due to public interest considerations, the RBI is further extending the directive for three months from close of business on December 09, 2025, to close of business on March 09, 2026, subject to review. All other terms and conditions of the original directive remain unchanged.
The press release number is 2025-2026/1656. Brij Raj, Chief General Manager, is the contact person. The RBI's Department of Communication is located at Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, with phone number 022 - 2266 0502, website www.rbi.org.in, and email helpdoc@rbi.org.in.
Key Entities Referenced
Banking Regulation Act, 1949: Governs the regulation of banking companies in India.
Section 35A: Section of the Banking Regulation Act, 1949, that empowers the Reserve Bank of India to issue directions to banking companies.
Section 56: Section of the Banking Regulation Act, 1949, that extends provisions to co-operative banks.
Sikar Urban Co-operative Bank Ltd.: An urban co-operative bank in Sikar, Rajasthan, subject to the directives.
Reserve Bank of India: The central bank of India, issuing the directions.
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