HCBL Co-operative Bank Ltd., Lucknow (U.P.)

RBI has extended the existing directions on HCBL Co-operative Bank Ltd., Lucknow (U.P.) until November 24, 2024. The bank remains under the same restrictions as before.

HCBL Co-operative Bank must continue operating under the existing RBI directions through November 24, 2024, subject to review, with no change to the earlier restrictions. Depositors and members remain affected by the ongoing limits and conditions attached to the bank’s operations.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS)
• sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS)

RBI has extended the existing Section 35A directions on HCBL Co-operative Bank Ltd., Lucknow. The directions continue unchanged until August 24, 2024.

HCBL Co-operative Bank must continue operating under the existing RBI restrictions until August 24, 2024 unless revised earlier on review. Any operational limits already imposed by the Directions remain in force, affecting the bank and its members/depositors.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949 (AACS)
• sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (AACS)

RBI has extended the existing Section 35A directions on HCBL Co-operative Bank Ltd., Lucknow, keeping the restrictions in force until May 24, 2024. The earlier terms remain unchanged.

The bank must continue operating under the same RBI-imposed restrictions through close of business on May 24, 2024 unless modified earlier by RBI. Depositors, members, and other stakeholders remain subject to the continuing operational limits imposed under the directions.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

RBI extended the existing Directions on HCBL Co-operative Bank Ltd., Lucknow (U.P.) until November 24, 2023. The earlier restrictions continue unchanged.

The bank remains subject to the same RBI operational restrictions until November 24, 2023, unless modified earlier by RBI. Customers and members continue to face the limitations imposed by the existing Directions, while the bank must comply with the unchanged terms and conditions during the extended period.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (1) of Section 35 A read with Section 56 of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

RBI imposed a ₹1 lakh penalty on HCBL Co-operative Bank Ltd., Lucknow. The bank was found to have violated RBI directions on All-Inclusive Directions, exposure norms, statutory requirements, and inspection/audit systems.

The bank must absorb the monetary penalty; no restriction on operations is described in this release. The action serves as an enforcement signal and may affect compliance expectations, but it does not by itself impose a forward-looking business restriction on depositors, borrowers, or counterparties.

• Section 47A(1)(c) read with Section 46(4) of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• Section 35A of the Banking Regulation Act, 1949(AACS) read with Section 56 of the Act