The Konark Urban Co-operative Bank Ltd., Ulhasnagar

RBI has extended the existing Section 35A directions on Konark Urban Co-operative Bank, Ulhasnagar, for three more months. The terms of the directive remain unchanged.

The bank continues to operate under the same RBI-imposed conditions through October 23, 2026, subject to review. Customers and counterparties remain affected by whatever operating restrictions already existed under the directive, with no relaxation announced in this release.

• 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 directions against The Konark Urban Co-operative Bank Ltd., Ulhasnagar for another three months. The bank remains under the same operating conditions until July 23, 2026.

The bank continues to operate under the same RBI-imposed restrictions through July 23, 2026, subject to review. Any constraints contained in the underlying directions remain in force for the bank and its customers until further notice.

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

RBI extended its existing Directions on The Konark Urban Co-operative Bank Ltd., Ulhasnagar for three more months. The earlier restrictions remain in force unchanged.

The bank remains subject to the same RBI Directions through April 23, 2026, so its operations continue under the existing restrictions. The extension means the bank must keep complying with the unchanged conditions of the directive; depositors and other stakeholders remain affected by the continuing supervisory 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 extended the existing Directions on Konark Urban Co-operative Bank Ltd., Ulhasnagar. The restriction continues without change through January 23, 2026.

The bank remains subject to the existing RBI Directions through January 23, 2026, with all prior operational conditions continuing unchanged. Customers and counterparties must continue to comply with any restrictions already imposed under the original directions, which remain under periodic review by RBI.

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

RBI extended its existing Directions on The Konark Urban Co-operative Bank Ltd., Ulhasnagar. The restrictions continue from July 23, 2025 until October 23, 2025.

The bank must continue operating under the existing RBI Directions through October 23, 2025, subject to further review. The extension means the earlier operational constraints remain in effect for the bank and, depending on the underlying Directions, may continue to affect depositors and other stakeholders.

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

RBI extended the existing Section 35A directions on Konark Urban Co-operative Bank Ltd., Ulhasnagar. The same restrictions will continue until July 23, 2025, unless reviewed earlier.

The bank must continue operating under the same RBI-imposed conditions through July 23, 2025, unless the directions are reviewed or changed earlier. Depositors, customers, and counterparties remain subject to the existing restrictions and operating framework.

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

RBI has extended the existing Directions on The Konark Urban Co-operative Bank Ltd., Ulhasnagar until April 23, 2025. The restrictions continue unchanged.

The bank continues to operate under RBI-imposed restrictions until the stated date, unless further modified. Customers and counterparties remain subject to the existing conditions of the Directions, which are unchanged by this extension.

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

RBI extended the Section 35A directions on The Konark Urban Co-operative Bank Ltd., Ulhasnagar until January 23, 2025. The earlier terms remain unchanged and subject to review.

The bank continues to operate under RBI-imposed restrictions through January 23, 2025, with no change to the existing conditions. Customers, depositors, and counterparties remain subject to the operational limits contained in the original directions until RBI reviews them again.

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

RBI placed The Konark Urban Co-operative Bank Ltd., Ulhasnagar under Section 35A directions. The bank faces major operating restrictions, including a freeze on withdrawals subject to limited set-off conditions.

The bank continues operations only under RBI-imposed restrictions. Depositors cannot freely withdraw funds except as allowed under the set-off and DICGC-related provisions, and the bank cannot expand lending, accept fresh deposits, or undertake several liability/asset transactions without prior RBI approval. The directions apply from the close of business on April 23, 2024 for six months unless modified or reviewed earlier.

• Section 35A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949
• Section 18A of the DICGC Act (amendment) 2021

RBI imposed a ₹1 lakh penalty on The Konark Urban Cooperative Bank Ltd., Ulhasnagar. The bank was found to have levied fixed charges for minimum-balance shortfalls instead of proportionate charges as required by RBI directions.

The bank must absorb the monetary penalty; the order does not state a suspension of operations or any broader business restriction. Customers are unaffected by any immediate operational ban, though the underlying compliance expectations around deposit-account charges remain in force.

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