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RBI extends Konark Urban Co-op Bank restrictions by 3 months

Source: Reserve Bank of India · Press Release prid 63168 · ~2 min read

RBI has extended the regulatory restrictions on The Konark Urban Co-operative Bank Ltd., Ulhasnagar for another three months, from close of business on July 23, 2026 to close of business on October 23, 2026, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. All existing terms remain unchanged.

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Official RBI source: https://www.rbi.org.in/scripts/BS_PressReleaseDisplay.aspx?prid=63168 — summary by BankPulse (bankpulse.ai).
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