Case brief
RBI extended its existing Directions on Urban Co-operative Bank Limited, Dehradun for another three months. The original terms of the restriction remain unchanged.
Impact
The bank remains subject to the same RBI Directions for an additional three months, so any operational constraints in the original order continue without change until close of business on November 10, 2026, subject to review. Depositors and other stakeholders remain affected by the existing restrictions during the extended period.
Why RBI acted
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