Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - National Mercantile Co-operative Bank Ltd., Lucknow – Extension of period
Case Brief
The Reserve Bank of India has further extended the operational Directions previously imposed on National Mercantile Co-operative Bank Ltd., Lucknow under Section 35A read with Section 56 of the Banking Regulation Act, 1949. The extension runs from close of business on June 10, 2025 to close of business on September 10, 2025, and the RBI states that all other terms and conditions of the Directive will remain unchanged.
The Reserve Bank of India had previously issued Directions to National Mercantile Co-operative Bank Ltd., Lucknow on March 09, 2023, and had already extended them several times. In this release, RBI further extends the same Directive for three months from close of business on June 10, 2025 to close of business on September 10, 2025, in public interest, with all other terms and conditions unchanged.
Severity Assessment
This is an RBI extension of existing Section 35A/Section 56 directions on a cooperative bank, which is treated as a broad business restriction with severity 4.
The bank remains subject to the existing RBI directions through close of business on September 10, 2025, unless modified earlier on review. Its operations continue under the same restrictions already in force, affecting the bank and its customers for the duration of the extended period.
Published as National Mercantile Co-operative Bank Ltd.
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National Mercantile Co-operative Bank Ltd., Lucknow
Action lifted · Lifted / withdrawn
National Mercantile Co-operative Bank Ltd., Lucknow
Business restriction · Extension
National Mercantile Co-operative Bank Ltd., Lucknow
Business restriction · Extension
National Mercantile Co-operative Bank Ltd., Lucknow
Business restriction · Extension
National Mercantile Co-operative Bank Ltd, Lucknow
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