India, Feb. 11 -- The Reserve Bank of India (RBI) has issued directions to Urban Co-operative Bank Ltd., Dehradun, under Section 35A read with Section 56 of the Banking Regulation Act, 1949 (as applicable to co-operative societies), citing supervisory concerns arising from recent material developments at the bank.
As per the directive dated February 9, 2026, the restrictions came into effect from the close of business on February 10, 2026. Under the directions, the bank is prohibited, without prior written approval from the RBI, from granting or renewing loans and advances, making investments, incurring liabilities including borrowings, accepting fresh deposits, disbursing payments, entering into compromises or arrangements, or selling and...