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

Markets

Market

News Details

(07/07/2026 08:50)

RBI extends restrictions on Samarth Urban Co-operative Bank till October 7

The Reserve Bank of India (RBI) has extended the regulatory directions imposed on Samarth Urban Co-operative Bank Ltd., Osmanabad, Maharashtra, for another three months, from the close of business on July 7, 2026, until October 7, 2026, subject to review.

The restrictions, originally imposed in October 2025 under the Banking Regulation Act, were previously extended up to July 7, 2026. The RBI said the latest extension has been made after assessing the prevailing situation and determining that it is necessary in the public interest.

The central bank clarified that all existing terms and conditions of the directive will remain unchanged. It also emphasized that the extension should not be interpreted as an indication that the RBI is satisfied with the bank's financial position.
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