Toll Free: 1800 103 1369 Email Us:customercare@canmoney.in

Markets

Market

News Details

(03/07/2026 12:19)

RBI extends restrictions on Innovative Co-operative Urban Bank till October 4

The Reserve Bank of India (RBI) has extended the regulatory restrictions on Innovative Co-operative Urban Bank Ltd., New Delhi, for an additional three months, from July 4, 2026, to October 4, 2026, subject to review.

The directions, first issued in July 2025 under the Banking Regulation Act, have been extended in the interest of depositors and public interest. RBI clarified that the extension should not be construed as an endorsement of the bank's financial position, while all other terms and conditions of the existing directive will continue unchanged.
Prevent Unauthorized Transactions in your demat account -> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL on the same day....................issued in the interest of investors.
KYC is one-time exercise while dealing in securities markets -> Once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
CDSL – MyEasi App App Store: https://apps.apple.com/in/app/cdsl-myeasi-app/id6737304195      Google Play Store: https://play.google.com/store/apps/details?id=com.cdsl.myeasi   |   NSDL – Speede App : App Store: https://apps.apple.com/in/app/nsdl-speede-app/id922834763      Google Play Store: https://play.google.com/store/apps/details?id=com.msf.NSDL.Android