Directions under Section 35 A read with Section 56 of the Banking Regulation Act, 1949 – Puducherry Co-operative Urban Bank Ltd

It is hereby notified for information of the public that in exercise of powers vested in it under sub section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949, the Reserve Bank of India (RBI) vide Directive Ref. No. CHN.DoS.UCBs.No.S336/16-05-847/2026-2027 dated October 19, 2026, has issued certain Directions to ‘Puducherry Co-operative Urban Bank Ltd’, (“the bank”), whereby, as from the close of business on October 21, 2026, the bank shall not, without prior approval of RBI in writing, grant or renew any loans and advances, make any investment, incur any liability including borrowal of funds and acceptance of fresh deposits, disburse or agree to disburse any payment whether in discharge of its liabilities and obligations or otherwise, enter into any compromise or arrangement and sell, transfer or otherwise dispose of any of its properties or assets except as notified in the RBI Direction dated October 19, 2026, a copy of which has been directed to be displayed on the bank's website / premises for perusal by interested members of the public. Considering the bank's present liquidity position, the bank has been directed to permit withdrawal of an amount no

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