Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026
RBI notification RBI/2026-27/249 · 02 Sept 2026
RBI notification RBI/2026-27/249 · 02 Sept 2026
Summary
Check the official recordThe Reserve Bank of India amends the investment portfolio directions for Urban Co-operative Banks. The amendment permits Urban Co-operative Banks to invest in equity shares of the Indian Digital Payment Intelligence Corporation. Banks make these investments to acquire membership in the corporation. This change updates the list of permitted non-SLR securities. The amendment takes effect immediately.
What you must do
Key dates
Who is affected
RBI/2026-27/249 DOR.MRG.REC.No.217/00-00-011/2026-27
September 2, 2026
Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026
Please refer to Chapter VIII of Reserve Bank of India (Urban Co-operative Banks - Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025 dated November 28, 2025, on Investment in non-SLR securities. In view of the establishment of Indian Digital Payment Intelligence Corporation (IDPIC) as the nation's central digital payment fraud intelligence platform and to enable UCBs to acquire its membership, there is a need to amend the extant instructions.
Accordingly, in exercise of the powers conferred by Section 35A of the Banking Regulation Act, 1949 (hereinafter called the Act), read with Section 56 thereof, and all other laws enabling the Reserve Bank in this regard, the Reserve Bank, being satisfied that it is necessary and expedient in the public interest so to do, hereby, issues the Amendment Directions hereinafter specified.
(i) Paragraph 101.(5) shall be substituted by the following, namely:- “101.(5) Equity shares of Umbrella Organization (UO) of UCB sector and Indian Digital Payment Intelligence Corporation (IDPIC) for acquiring membership;”.
(ii) Paragraph 107.(1) shall be substituted by the following, namely:- “107.(1) Equity shares of Market Infrastructure Companies (MICs), Umbrella Organization (UO) of UCB Sector, IDPIC, and CCBs / StCBs, if it becomes necessary to do so for acquiring membership of these entities;”.
(Sunil T S Nair) Chief General Manager