Case Brief
The Reserve Bank of India has further extended the Directions issued to Innovative Co-operative Urban Bank Limited, Delhi under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The extension runs from close of business on April 04, 2026 to close of business on July 04, 2026, and all other terms and conditions of the directive remain unchanged. RBI also stated that the extension should not be construed as approval of the bank's financial position.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Delhi, Delhi
- Order Date