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
Case Brief
The Reserve Bank of India has extended the ongoing Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 that apply to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The earlier directive, last extended up to December 09, 2025, has now been prolonged for three more 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 remain unchanged.
The Reserve Bank of India had originally issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan, and has now further extended the period of operation. The release states that all other terms and conditions of the directive remain unchanged, indicating a continuation of the existing regulatory restrictions rather than a new order.
Severity Assessment
This is an extension of RBI Section 35A directions on a co-operative bank, which is treated as a broad business restriction with severity 4 regardless of any fine.
The bank continues to operate under the existing RBI-imposed conditions until close of business on March 09, 2026, subject to review. The extension preserves the current operational restrictions and affects the bank and its stakeholders, including customers and depositors, for the extended period.
Published as Sikar Urban Co-operative Bank Ltd.
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
Sikar Urban Co-operative Bank Ltd, Sikar
Action lifted · Lifted / withdrawn
Sikar Urban Co-operative Bank Ltd.
Business restriction · Extension
Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan
Business restriction · Extension
Sikar Urban Co-operative Bank Ltd.
Business restriction · Extension
Sikar Urban Co-operative Bank Ltd.
Business restriction · Extension
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