MUMBAI, India, July 16 -- Reserve Bank of India issued the following notification:
RBI/2026-27/199
DOR.STR.REC.164/21-04-048/2026-27
July 16, 2026
Reserve Bank of India (Urban Cooperative Banks - Income Recognition, Asset Classification and Provisioning) Second Amendment Directions, 2026
Please refer to Reserve Bank of India (Urban Co-operative Banks - Resolution of Stressed Assets) Third Amendment Directions, 2026 dated July 16, 2026.
2. Consequent to the aforesaid Amendment Directions, in exercise of the powers conferred by the sections 20, 21 and 35A read with the section 56 of the Banking Regulation Act, 1949 and all other laws enabling the Reserve Bank of India (hereinafter called the Reserve Bank) in this regard, the Reserve Ban...