The Reserve Bank of India (RBI) on September 02, 2026, notified the Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026 to amend the Reserve Bank of India (Urban Co-operative Banks - Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025.
The following has been stated: -
•The RBI has amended the Urban Co-operative Banks (UCBs) Investment Portfolio Directions, 2025 to permit UCBs to acquire equity shares of the Indian Digital Payment Intelligence Corporation (IDPIC) for obtaining membership.
•IDPIC has been added alongside the UCB sector’s Umbrella Organisation (UO) as an eligible investment for membership purposes.
•UCBs may also invest in IDPIC, Market Infrastructure Companies, UO, and CCBs/StCBs where such investment is necessary to acquire membership.
•The RBI (Urban Co-operative Banks – Classification, Valuation and Operation of Investment Portfolio) Second Amendment Directions, 2026 take effect from the date of issue.
The detailed notification is given in the document below.
[Notification No.: RBI/2026-27/249 DOR.MRG.REC.No.217/00-00-011/2026-27]
