The Reserve Bank of India (RBI) has extended the operational Directions imposed on Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan, for an additional three months.
The restrictions, originally issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, were set to expire on December 9, 2025.
In its latest order, the RBI stated that the extension has been granted “in the public interest.” The Directions, first imposed on October 26, 2018, have been periodically modified and extended, with the last extension issued on September 4, 2025, valid till December 09, 2025.
With this fresh order, the Directions will now remain in force from the close of business on December 09, 2025, up to the close of business on March 09, 2026, subject to review. The central bank clarified that all other terms and conditions previously imposed will continue unchanged.
