RBI Restricts the Operations of Puducherry Cooperative Bank
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AI-assisted source synthesis · not an independent investigation.
On October 21, 2026, the Reserve Bank of India (RBI) announced that it had issued regulatory directions against Puducherry Co-operative Urban Bank Ltd for a period of six months. The directions took effect at the close of business on October 21, 2026. Without obtaining the RBI’s written approval, the bank may not grant or renew loans, make investments, incur liabilities, or accept new deposits, among other activities. The report did not disclose the specific reasons why the bank was placed under regulatory directions, nor did it explain the arrangements after the six-month period expires.
AI-written from reports · updated 3 hours ago
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- Reserve Bank of India — Press releasesSelectedRBI Issues Six-Month Regulatory Directions to Puducherry Co-operative Urban Bank Ltd
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.
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