Case Brief
The Reserve Bank of India extended the existing Section 35A read with Section 56 directions applicable to Innovative Co-operative Urban Bank Limited, New Delhi. The original directive was issued on July 03, 2025, later extended on June 29, 2026, and has now been further extended from the close of business on October 04, 2026 until the close of business on January 04, 2027, subject to review. The RBI clarified that the extension does not imply satisfaction with the bank's financial position and that all other terms and conditions of the directive remain unchanged.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- New Delhi, Delhi
- Order Date