Innovative Co-operative Urban Bank Ltd., Delhi

RBI extended its existing directions on Innovative Co-operative Urban Bank Limited, New Delhi for another three months. The terms remain unchanged.

The bank continues to operate under the same RBI-imposed restrictions until October 04, 2026, unless reviewed earlier. Customers and counterparties remain subject to the existing conditions of the directive; the release does not change the operational terms, only prolongs them.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI extended its existing directions on Innovative Co-operative Urban Bank Limited, Delhi for another three months. The bank remains under the same restrictions until July 04, 2026, subject to review.

The bank continues to operate under the existing RBI directions through July 04, 2026, subject to review. Customers and counterparties remain affected by whatever operational restrictions are contained in the underlying directive, which has not otherwise changed.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI has extended its Section 35A read with Section 56 directions on Innovative Co-operative Urban Bank Limited, Delhi until April 04, 2026. The existing terms of the directive continue unchanged.

The bank remains under the same RBI directions and must continue complying with all existing restrictions until close of business on April 04, 2026, unless the order is reviewed earlier. Customers, depositors, and counterparties are affected only to the extent already imposed by the underlying directive; this release does not change those conditions, only prolongs them.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI placed Innovative Co-operative Urban Bank Ltd., Delhi under restrictive Section 35A directions. The bank cannot carry on several normal banking activities without RBI approval, and depositor withdrawals are capped.

The bank can continue operating only within the imposed RBI restrictions for six months, subject to review and possible modification. Depositors face a withdrawal ceiling of ₹35,000 per account (subject to conditions), and the bank cannot freely lend, borrow, accept fresh deposits, or dispose of assets without RBI approval. Existing and prospective customers are directly affected by the curbs on normal banking operations.

• Section 35 A read with Section 56 of the Banking Regulation Act, 1949
• Section 35 A
• Section 56