Case Brief
What Happened
The Reserve Bank of India has extended the period of operation of its existing Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949 against Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow. The directive, earlier extended up to close of business on January 27, 2026, has now been continued for a further three months up to close of business on April 27, 2026, subject to review. The release says all other terms and conditions remain unchanged.