Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – National Urban Co-operative Bank Ltd., Pratapgarh, U. P. - Extension of Period
Case Brief
The Reserve Bank of India has extended the Section 35A read with Section 56 directions applicable to National Urban Co-operative Bank Ltd., Pratapgarh. The directive, originally issued on April 15, 2024 and last extended to October 15, 2025, now continues until close of business on January 15, 2026, subject to review. RBI has clarified that all other terms and conditions remain unchanged.
The Reserve Bank of India further extended the directions originally issued to National Urban Co-operative Bank Ltd., Pratapgarh under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The earlier directive, first issued on April 15, 2024 and last extended up to October 15, 2025, has now been extended for three more months up to close of business on January 15, 2026, subject to review. The release states that all other terms and conditions of the directive remain unchanged.
Severity Assessment
This is an extension of RBI Section 35A directions on a cooperative bank, which is treated as a broad business restriction with severity 4.
The bank remains subject to the same operating conditions and restrictions already contained in the directive through January 15, 2026. Customers, depositors, and counterparties continue to be affected by the existing limitations until RBI reviews or changes the order.
Published as National Urban Co-operative Bank Ltd., Pratapgarh, U. P.
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