National Urban Co-operative Bank Ltd., Pratapgarh, U. P

RBI cancelled the licence of National Urban Cooperative Bank Ltd., Pratapgarh. The bank was also prohibited from carrying on banking business with immediate effect.

The bank cannot conduct banking business any longer, including accepting or repaying deposits. Depositors are protected only to the extent of deposit insurance up to ₹5,00,000 per depositor, subject to DICGC rules, and the winding-up process may follow.

• Section 22 read with Section 56 of the Banking Regulation Act, 1949
• Section 11(1)
• Section 22(3)(d) read with Section 56 of the Banking Regulation Act, 1949

+2 more in the case brief

RBI has extended its existing Directions under Section 35A read with Section 56 against National Urban Co-operative Bank Ltd., Pratapgarh for three more months. All other terms of the directive remain unchanged.

The bank remains subject to the existing RBI-imposed operating conditions for another three months, until close of business on April 15, 2026, unless revised earlier on review. Depositors, counterparties, and other stakeholders remain affected by the continuing directive and any operational limits contained in it.

• 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 has extended its existing Section 35A read with Section 56 directions on National Urban Co-operative Bank Ltd., Pratapgarh for another three months. The directive remains otherwise unchanged.

The bank remains subject to the same RBI-imposed operating conditions through October 15, 2025, unless further modified or withdrawn. No new terms are added, but the existing restrictions continue to apply to the bank and its customers for the extended period.

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

RBI has extended its existing directions on National Urban Co-operative Bank Ltd., Pratapgarh, Uttar Pradesh, for three more months. The terms of the directive remain unchanged.

The bank remains subject to the existing RBI directions until close of business on July 15, 2025, unless modified earlier on review. Its operations continue under the same restrictions already imposed, affecting the bank and potentially its customers and counterparties during the extended period.

• 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 has extended the Section 35A directions on National Urban Co-operative Bank Ltd., Pratapgarh, for three more months until April 15, 2025. The earlier terms continue unchanged.

The bank remains subject to the same RBI-imposed operating constraints through April 15, 2025, subject to review. Customers, depositors, and counterparties continue to face whatever restrictions are already in force under the directive; the release does not lift any condition or restore normal operations.

• 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 has extended its existing Section 35A directions against National Urban Co-operative Bank Ltd., Pratapgarh. The directive will now remain in force until the close of business on January 15, 2025.

The bank must continue operating under the same RBI-imposed conditions until January 15, 2025, unless further reviewed or modified. Customers and counterparties remain subject to the operational constraints created by the directive, but the release does not indicate any new change beyond continuation of the existing restrictions.

• 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 imposed a ₹5 lakh penalty on National Urban Co-operative Bank Limited, Pratapgarh, for non-compliance with RBI directions on income recognition and asset classification. The bank had failed to identify certain accounts as NPAs.

The bank must absorb the penalty and continue complying with RBI's income recognition and asset classification norms. There is no stated operational restriction, but the action signals regulatory scrutiny over NPA recognition practices.

• Section 47 A (1) (c) read with Section 46 (4) (i) and Section 56 of the Banking Regulation Act, 1949

RBI imposed a penalty of Rs 5 lakh on National Urban Co-operative Bank Ltd., Pratapgarh, Uttar Pradesh. The penalty was for breaches of exposure norms, KYC norms, and rules on membership of credit information companies.

The bank must absorb the penalty and address the underlying compliance gaps in exposure limits, KYC controls, and CIC membership-related requirements. The action has no stated operational restriction beyond the monetary penalty, but it signals supervisory non-compliance that may invite further scrutiny.

• Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)