Date: 2026-02-04Category: 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 – Withdrawal of Directions
On February 04, 2026, the Reserve Bank of India (RBI) has withdrawn the Directions issued to Sikar Urban Co-operative Bank Ltd, Sikar under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The original directions were issued on October 26, 2018, for six months, and were last extended up to the close of business on March 09, 2026. The RBI has withdrawn the directions after reviewing the financial position of the bank and being satisfied that it is in the public interest. The withdrawal is effective from the close of business on February 04, 2026. The press release number is 2025-2026/2043. Contact Brij Raj, Chief General Manager. Website: www.rbi.org.in, email: helpdoc@rbi.org.in. Phone: 022 - 2266 0502.
Key Entities Referenced
Banking Regulation Act, 1949: The primary law under which directions are issued and withdrawn from the Sikar Urban Co-operative Bank.
Section 35A: Section of the Banking Regulation Act, 1949 that provides the power to issue directions.
Section 56: Section of the Banking Regulation Act, 1949, which is read with Section 35A in this context.
Reserve Bank of India: The regulator issuing and withdrawing the directions to the bank.
Sikar Urban Co-operative Bank Ltd, Sikar: The urban co-operative bank subject to the directions being issued and withdrawn.
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
February 04, 2026
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 – Sikar Urban Co-operative Bank Ltd, Sikar –
Withdrawal of Directions
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
vide Directive No. DCBS. CO BSD-I/D-2/ 12.27.215/ 2018-19 dated October 26,
2018, for a period of six months. The same were modified from time to time and were
last extended up to close of business on March 09, 2026.
2. After reviewing the financial position of the bank, the Reserve Bank of India, on
being satisfied that in the public interest it is necessary to do so and in exercise of the
powers vested in it under sub-section (2) of Section 35A read with Section 56 of the
Banking Regulation Act, 1949, hereby withdraws the Directions issued to Sikar Urban
Co-operative Bank Ltd, Sikar with effect from the close of business on February 04,
2026.
(Brij Raj)
Press Release: 2025-2026/2043 Chief General Manager