News Details

( As on 17/10/2025 18:59)

RBI extends directions for Konark Urban Co-operative Bank until January 23, 2026

The Reserve Bank of India (RBI) has extended the period of regulatory directions imposed on Konark Urban Co-operative Bank Ltd., Ulhasnagar, under Section 35A read with Section 56 of the Banking Regulation Act, 1949.

Originally placed under directions from April 23, 2024, for six months, the directives had been extended multiple times, with the latest extension now valid until January 23, 2026, as per the RBI’s notification dated October 17, 2025. All other terms and conditions of the directives remain unchanged.

The extension is displayed at the bank’s premises for public information. The RBI clarified that this extension should not be interpreted as satisfaction with the bank’s financial position, and the directives remain subject to ongoing review.