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Sikar Urban Co-operative Bank Ltd

Co-operative bankSikar, Rajasthan

A source-linked record of 27 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
27
Total penalties
Rs 0
Latest action
4 Feb 2026

Enforcement Fingerprint

27 actions across 9 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction26
Action lifted1

Lifecycle Mix

Extension26
Lifted / withdrawn1

Severity Mix

S4 High26
S0 Lifted1

Source-linked record

Action History

27 linked actions

2026

1

Case brief

RBI has withdrawn the Section 35A/56 Directions applicable to Sikar Urban Co-operative Bank Ltd, Sikar. The withdrawal takes effect from close of business on February 04, 2026.

Impact

The bank is restored from the RBI directions regime effective February 04, 2026, so the operational restrictions under those directions cease from that date. Depositors, customers, and counterparties are no longer subject to the specific constraints imposed by those directions after the withdrawal becomes effective.

Why RBI acted

Governance oversight

Regulatory basis

  • Section 35A read with Section 56 of the Banking Regulation Act, 1949
  • sub-section (2) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

2025

4

Case brief

RBI has extended the existing Section 35A directions on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The directive now runs until close of business on March 09, 2026.

Impact

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.

Why RBI acted

Other

Regulatory basis

  • 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

Restrictions

Business Restriction

Case brief

RBI has extended its existing directions on Sikar Urban Co-operative Bank Ltd. for another three months. The terms remain unchanged.

Impact

The bank remains subject to the same RBI operating restrictions until close of business on December 09, 2025, unless modified earlier on review. The extension continues to constrain the bank’s operations, and any customers or counterparties affected by the directive remain subject to its terms.

Why RBI acted

Other

Regulatory basis

  • 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

Restrictions

Business Restriction

Case brief

RBI has extended its existing directions on Sikar Urban Co-operative Bank Ltd. for another three months, through September 09, 2025. The earlier terms continue unchanged.

Impact

The bank remains subject to the same RBI-imposed operating restrictions until close of business on September 09, 2025, unless reviewed earlier. This continues to affect the bank’s operations and any counterparties or customers subject to the directive’s terms.

Why RBI acted

Other

Regulatory basis

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

Case brief

RBI has extended its existing directions on Sikar Urban Co-operative Bank Ltd. for another three months. The original conditions continue unchanged until June 09, 2025, subject to review.

Impact

The bank remains subject to the RBI directions and must continue operating within the same constraints already imposed under the existing order. The extension keeps those restrictions in force through June 09, 2025, affecting the bank and its customers until the directive is reviewed again.

Why RBI acted

Other

Regulatory basis

  • 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

2024

4

Case brief

RBI has extended its existing directions on Sikar Urban Co-operative Bank Ltd. for another three months. The terms of the directive remain unchanged.

Impact

The bank remains subject to the same RBI operating conditions until March 09, 2025, unless further modified. Customers and counterparties should expect the existing restrictions and controls to continue during the extended period.

Regulatory basis

  • 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

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. for another three months. The existing restrictions remain in force unchanged.

Impact

The bank must continue operating under the same Section 35A All-Inclusive Directions through December 09, 2024. Any operational caps or controls already in place remain applicable, affecting the bank and its customers until the extended expiry date.

Why RBI acted

Other

Regulatory basis

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

Restrictions

Business Restriction

Case brief

RBI extended the existing All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. for another three months. The earlier terms remain unchanged.

Impact

The bank remains subject to the existing operational restrictions under the All-Inclusive Directions until close of business on September 09, 2024, unless RBI reviews or modifies them earlier. Depositors and other stakeholders continue to be affected by the ongoing restrictions, and the bank must operate within the unchanged conditions set by RBI.

Why RBI acted

Governance oversightCapital & exposure norms

Regulatory basis

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

Case brief

RBI has extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The existing restrictions will continue unchanged until close of business on June 09, 2024.

Impact

The bank continues to operate under the same RBI-imposed restrictions until close of business June 09, 2024, unless changed earlier on review. Customers and counterparties remain subject to the operational constraints embedded in the existing All-Inclusive Directions.

Why RBI acted

Other

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

2023

4

Case brief

RBI has extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Limited for three more months. The original restrictions remain in force without change.

Impact

The bank remains subject to the same operational restrictions under the All-Inclusive Directions until close of business on March 09, 2024, unless further extended, modified, or withdrawn. Customers and counterparties continue to face the consequences of the existing RBI controls on the bank’s operations.

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

Case brief

RBI extended the existing All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd., Sikar, for three more months. The earlier operating restrictions continue unchanged.

Impact

The bank remains under the same RBI operating restrictions through close of business on December 09, 2023. Its functioning continues to be constrained under the existing directions, and the public is notified that the extension does not signal improvement in the bank’s financial position.

Why RBI acted

Other

Regulatory basis

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

Restrictions

Business Restriction

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. for another three months. The existing terms remain unchanged.

Impact

The bank remains subject to the existing RBI operating restrictions through September 09, 2023, with no change in the underlying conditions. Depositors, customers, and counterparties continue to face whatever limitations the original All-Inclusive Directions impose, until RBI reviews or modifies them further.

Why RBI acted

Capital & exposure normsGovernance oversightCustomer protection

Regulatory basis

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

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. for another three months. The bank remains under the same restrictions, unchanged.

Impact

The bank continues to operate under the same RBI-imposed restrictions through June 09, 2023, subject to review. Depositors, customers, and counterparties remain affected by the existing limitations until the directions are further revised, extended, or withdrawn.

Why RBI acted

Governance oversightCapital & exposure normsOther

Regulatory basis

  • Section 35A of Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Business Restriction

2022

4

Case brief

RBI extended the existing All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. for three more months. The underlying restrictions remain unchanged.

Impact

The bank remains subject to the same operating restrictions imposed by the All-Inclusive Directions for the extension period through March 09, 2023. Customers and counterparties continue to be affected by the existing constraints until RBI reviews or changes the directive.

Regulatory basis

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

Restrictions

Business Restriction

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd., Sikar, for three more months. The existing restrictions continue unchanged.

Impact

The bank continues to operate under the same RBI-imposed restrictions through December 09, 2022, and must comply with the unchanged conditions of the Section 35A directions. Depositors, customers, and counterparties remain affected by the ongoing operational constraints until the next review or further RBI order.

Why RBI acted

Governance oversightCapital & exposure norms

Regulatory basis

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

Restrictions

Business Restriction

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. for another three months. The bank continues to operate under the same restrictions, subject to review.

Impact

The bank remains under the same RBI operating restrictions through September 09, 2022, unless the directions are modified or withdrawn earlier. Depositors, customers, and counterparties continue to be affected by the existing limits and conditions imposed under the All-Inclusive Directions.

Why RBI acted

Capital & exposure normsGovernance oversight

Regulatory basis

  • Section 35 A of the Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Business Restriction

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. for three more months. The underlying restrictions continue unchanged from March 10, 2022 to June 09, 2022.

Impact

The bank remains subject to the existing operational restrictions under the All-Inclusive Directions through June 09, 2022, unless revised earlier by RBI review. Depositors and other stakeholders remain affected by the continued constraints on the bank’s operations under the unchanged directive.

Why RBI acted

Governance oversight

Regulatory basis

  • Section 35A of Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Business Restriction

2021

4

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The bank remains under the same restrictions until March 09, 2022, subject to review.

Impact

The bank continues to operate under RBI-imposed All-Inclusive Directions, meaning its activities remain restricted under the existing terms until March 09, 2022, unless reviewed or changed earlier. Depositors, customers, and counterparties remain subject to the bank’s restricted operating framework.

Why RBI acted

Other

Regulatory basis

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

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. for another three months, keeping the existing restrictions in place. The order runs from September 10, 2021 to December 09, 2021.

Impact

The bank remains under the same operational restrictions for the extension period. Customers and counterparties are affected only to the extent already provided for in the standing directions, and the bank must continue complying with the RBI-imposed conditions until December 09, 2021 unless modified or withdrawn earlier.

Why RBI acted

Capital & exposure norms

Regulatory basis

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

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan for another three months. The underlying restrictions remain unchanged.

Impact

The bank continues to operate under the same RBI-imposed Section 35A restrictions through September 09, 2021, subject to further review. Customers, depositors, and counterparties remain affected by the existing operational constraints until RBI changes or withdraws the directive.

Why RBI acted

Other

Regulatory basis

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

Restrictions

Business Restriction

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The existing restrictions continue unchanged from March 10, 2021 to June 09, 2021.

Impact

The bank continues to operate under the existing RBI-imposed All-Inclusive Directions through June 09, 2021, unless modified earlier on review. This means ongoing operational constraints remain in force for the bank and its customers, with the public notified that the extension does not imply RBI satisfaction with the bank’s financial position.

Why RBI acted

Other

Regulatory basis

  • Section 35 A of Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Business Restriction

2020

3

Case brief

RBI extended the existing All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd. The restrictions remain in force through 9 March 2021.

Impact

The bank remains subject to the same operational restrictions that were already in place under the Section 35A directions until 9 March 2021. The release does not lift any restriction; depositors, customers, and counterparties continue to be affected by the existing limits and controls imposed on the bank.

Why RBI acted

Other

Regulatory basis

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

Restrictions

Business Restriction

Case brief

RBI extended the All-Inclusive Directions on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan for another three months. The bank remains under the same restrictions through December 9, 2020.

Impact

The bank remains subject to the same operational restrictions that were already in force under the All-Inclusive Directions. The extension continues to constrain the bank’s business activities until December 09, 2020, affecting the bank and its customers, particularly in relation to permitted operations under the existing RBI order.

Why RBI acted

Other

Regulatory basis

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

Restrictions

Business Restriction

Case brief

RBI extended the existing Section 35A directions on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. The directions now continue from May 10, 2020 to September 9, 2020.

Impact

The bank remains subject to the same RBI operating conditions until September 9, 2020, subject to further review. Customers and counterparties must continue to operate within the restrictions imposed by the existing directions, which are not detailed in this release.

Regulatory basis

  • Section 35 A of Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Business Restriction

2019

2

Case brief

RBI extended the Section 35A directions on Sikar Urban Co-operative Bank Ltd. for six more months, from November 10, 2019 to May 9, 2020. The bank remains allowed to conduct business only with restrictions.

Impact

The bank remains under RBI-imposed operating restrictions for the extension period ending May 9, 2020, and any changes will depend on RBI review and the bank’s financial position. Depositors and other stakeholders continue to face the effects of the existing restrictions, though the bank is not being shut down or licenced cancelled.

Why RBI acted

Capital & exposure normsGovernance oversight

Regulatory basis

  • Section 35 A of Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

Case brief

RBI extended the existing Section 35A directions on Sikar Urban Co-operative Bank Ltd. The bank remains able to do business only under the same restrictions for six more months.

Impact

Sikar Urban Co-operative Bank Ltd. remains subject to the same RBI-imposed operating restrictions for the extended six-month period. Its banking activities continue only within those constraints, and the order may be modified later depending on circumstances. Depositors and customers remain affected by the ongoing restrictions, but the bank is not being wound up or licenced cancelled by this release.

Why RBI acted

Governance oversight

Regulatory basis

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

2018

1

Case brief

RBI continued restrictive directions against Sikar Urban Co-operative Bank Ltd. under Section 35A. The bank’s lending, deposit-taking, payments, and asset-disposal activities were curtailed, with withdrawals capped at ₹2,000 per account.

Impact

The bank must operate under RBI-imposed restrictions, limiting core business activities and deposit withdrawals. Customers face capped access to funds and constrained service availability; the bank cannot freely expand lending, take fresh deposits, or dispose of assets without RBI approval. The directions remain in force from the stated effective date until modified by RBI.

Why RBI acted

Capital & exposure normsCustomer protectionOther

Regulatory basis

  • Section 35A of the Banking Regulation Act, 1949 (AACS)
  • Section 56 of the Banking Regulation Act, 1949

Restrictions

Withdrawal CapLending RestrictionInvestment RestrictionLiability Incurring RestrictionDeposit Acceptance RestrictionPayment Disbursement RestrictionCompromise Arrangement RestrictionAsset Disposal Restriction