The Reserve Bank of India has imposed banking restrictions on Puducherry Co-operative Urban Bank Ltd from the close of business on 21 October 2026. Depositor withdrawals are capped at ₹5,000, while eligible depositors may claim deposit insurance up to ₹5 lakh subject to conditions. The directions are initially applicable for six months and do not cancel the bank's licence.
Source: Reserve Bank of India · CHN.DoS.UCBs.No.S336/16-05-847/2026-2027; RBI PR 2026-2027/1362
RBI has deleted paragraph 37, the section dealing with limits for non-option derivative contracts, from its Small Finance Banks - Miscellaneous Directions, 2025. The amendment was issued on 19 October 2026 and took effect immediately. Other applicable RBI requirements remain relevant.
Source: Reserve Bank of India · RBI/2026-27/295; DOR.MRG.REC.No.249/00-00-020/2026-27
The RBI has extended its existing statutory directions on The Konark Urban Co-operative Bank Ltd., Ulhasnagar, for three months, from the close of business on 23 October 2026 to 23 January 2027. The extension is subject to review; existing conditions remain unchanged.
Source: Reserve Bank of India · RBI Press Release 2026-2027/1353