Moratorium Extended for Innovative Co-operative Urban Bank Limited, Delhi

RBI Press Releases

Published April 1st, 2026

Detected April 2nd, 2026

Summary

The Reserve Bank of India has extended the regulatory restrictions (moratorium) on Innovative Co-operative Urban Bank Limited, Delhi for an additional three months through July 4, 2026. This is the third extension of the Directive originally issued in July 2025. The extension maintains all existing restrictions and conditions previously imposed on the bank.

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What changed

The RBI has extended the Section 35A directions under the Banking Regulation Act, 1949 for Innovative Co-operative Urban Bank Limited, Delhi from close of business April 4, 2026 to close of business July 4, 2026. The original Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 was issued on July 3, 2025, and has now been extended twice (December 2025 and April 2026). No new conditions have been added; all existing terms remain unchanged.\n\nThe extension does not indicate satisfaction with the bank's financial position. Customers and depositors of the bank should note that the operational restrictions continue to apply. No immediate action is required by the bank as this is a continuation of existing restrictions rather than new requirements.

Source document (simplified)

Press Releases

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| Date : Apr 01, 2026 | |
| Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Innovative Co-operative Urban Bank Limited, Delhi – Extension of Period | |
| | The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Innovative Co-operative Urban Bank Limited, Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was extended up to close of business on April 04, 2026 vide Directive No. DOR.MON.D-27/12.28.123/2025-26 dated December 26, 2025. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on April 04, 2026.

Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on April 04, 2026 to close of business on July 04, 2026, subject to review.
The aforesaid extension by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.
Other terms and conditions of the Directive under reference, shall remain unchanged.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/4 | | The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Innovative Co-operative Urban Bank Limited, Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was extended up to close of business on April 04, 2026 vide Directive No. DOR.MON.D-27/12.28.123/2025-26 dated December 26, 2025. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on April 04, 2026.

Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on April 04, 2026 to close of business on July 04, 2026, subject to review.
The aforesaid extension by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.
Other terms and conditions of the Directive under reference, shall remain unchanged.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/4 |
| The Reserve Bank of India issued Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 to Innovative Co-operative Urban Bank Limited, Delhi vide Directive No. DEL.DOS.EXG_SSM.No.S143/12-10-005/2025-2026 dated July 03, 2025 for a period of six months up to close of business on January 04, 2026, which was extended up to close of business on April 04, 2026 vide Directive No. DOR.MON.D-27/12.28.123/2025-26 dated December 26, 2025. The Reserve Bank of India is satisfied that in the public interest, it is necessary to further extend the period of operation of the Directive beyond close of business on April 04, 2026.

Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act, 1949, hereby extends the Directive for a further period of three months from close of business on April 04, 2026 to close of business on July 04, 2026, subject to review.
The aforesaid extension by the Reserve Bank of India should not per-se be construed to imply that the Reserve Bank of India is satisfied with the financial position of the bank.
Other terms and conditions of the Directive under reference, shall remain unchanged.

(Brij Raj)
Chief General Manager

Press Release: 2026-2027/4 | |