RBI extends Directions issued to the HCBL Co-operative Bank Ltd., Lucknow, Uttar Pradesh
Case Brief
RBI has extended the directions issued to HCBL Co-operative Bank Ltd., Lucknow under Section 35A of the Banking Regulation Act, 1949 (AACS). The extension is for six months from October 16, 2017 to April 15, 2018, subject to review, and the directive's other terms and conditions remain unchanged. The release states that the modification should not be construed as an improvement or deterioration in the bank's financial position.
The Reserve Bank of India extended the directions previously issued to HCBL Co-operative Bank Ltd., Lucknow under Section 35A of the Banking Regulation Act, 1949 (AACS). The extension runs for a further six months from October 16, 2017 to April 15, 2018, and the other terms and conditions of the directive remain unchanged. The press release also notes that the modification should not be construed as improvement or deterioration in the bank's financial position.
Severity Assessment
This is an RBI Section 35A directions extension for a co-operative bank, which is treated as a broad business restriction with severity 4 regardless of any fine.
HCBL Co-operative Bank will continue operating under the existing RBI restrictions until April 15, 2018, subject to review. The bank must comply with the unchanged conditions of the directive, and the restriction continues to affect its operations and the public dealing with the bank.
Published as HCBL Co-operative Bank Ltd.
RegOversight structures the official RBI release for search and analysis. Use the linked release as the authoritative source.
HCBL Co-operative Bank Ltd., Lucknow
License cancellation · Fresh imposition
HCBL Co-operative Bank Ltd., Lucknow
Business restriction · Extension
HCBL Co-operative Bank Ltd., Lucknow
Business restriction · Extension
HCBL Co-operative Bank Ltd.
Business restriction · Extension
HCBL Co-operative Bank Ltd.
Monetary penalty · Fresh imposition
© 2026 RegOversight by OddVector