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(02/04/2026 10:10)

RBI extends restrictions on Innovative Co-operative Urban Bank Till July 4, 2026

The Reserve Bank of India has extended the validity of regulatory directions imposed on Innovative Co-operative Urban Bank Limited for a further period of three months, from April 4, 2026 to July 4, 2026.

The directions were originally issued in July 2025 under the Banking Regulation Act, 1949, and have been extended multiple times in view of ongoing concerns. The latest extension has been made in public interest and will remain subject to further review.

RBI clarified that this extension should not be interpreted as satisfaction with the bank’s financial health. All other terms and conditions of the existing directive remain unchanged.
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