RBI Issues Six-Month Regulatory Directions to Puducherry Co-operative Urban Bank Ltd
Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – Puducherry Co-operative Urban Bank Ltd
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The Reserve Bank of India (RBI) has issued regulatory directions to Puducherry Co-operative Urban Bank Ltd, under which, from the close of business on October 21, 2026, the bank may not, without written approval from the RBI, grant or renew loans, make investments, incur liabilities, or accept new deposits, among other activities.
The material also sets out the account withdrawal limit, DICGC deposit insurance, and the licence status, helping depositors distinguish between the current restrictions and subsequent protection arrangements.
Source:Reserve Bank of India — Press releases · rbi.org.in