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Indian Mercantile Co-operative Bank Limited (IMCBL)

Co-operative bankLucknow, Uttar Pradesh

A source-linked record of 6 RBI actions, their timing, severity, and recurring regulatory themes.

At a Glance

Total actions
6
Total penalties
Rs 0
Latest action
23 Jan 2026

Enforcement Fingerprint

6 actions across 3 years.

PenaltyRestrictionLicence actionLiftedOther

Action Mix

Business restriction6

Lifecycle Mix

Extension6

Severity Mix

S4 High6

Source-linked record

Action History

6 linked actions

2026

1

Case brief

RBI has extended the existing Section 35A directions against Indian Mercantile Co-operative Bank Limited, Lucknow. The same terms continue until close of business on April 27, 2026.

Impact

IMCBL remains subject to the same RBI-imposed operating restrictions through April 27, 2026 unless reviewed or changed earlier. The bank must continue complying with the existing directions, and customers, depositors, and counterparties remain affected by the ongoing restrictions.

Why RBI acted

Other

Regulatory basis

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

2025

4

Case brief

RBI extended its existing Directions on Indian Mercantile Co-operative Bank Limited, Lucknow for another three months.

Impact

IMCBL remains subject to the same RBI-imposed operational conditions through January 27, 2026. The bank and its customers are affected by the continued restrictions until RBI reviews or modifies the directive again.

Why RBI acted

Other

Regulatory basis

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

Case brief

RBI has extended its existing directions on Indian Mercantile Co-operative Bank Limited, Lucknow for another three months. The terms of the earlier directive remain unchanged.

Impact

IMCBL remains subject to the same RBI-imposed operating restrictions for the extended period through October 27, 2025. The bank must continue complying with the unchanged terms of the directive, and any impacted customers or counterparties remain subject to those restrictions during the extension period.

Why RBI acted

Other

Regulatory basis

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

Case brief

RBI has extended its existing Section 35A read with Section 56 directions on Indian Mercantile Co-operative Bank Limited, Lucknow, for another three months. The terms of the directive remain unchanged.

Impact

IMCBL must continue operating under the same RBI-imposed directions until close of business on July 27, 2025, unless reviewed earlier. The bank remains subject to the existing operational restrictions, affecting its business as governed by the directive.

Regulatory basis

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

Case brief

RBI has extended the existing Section 35A directions on Indian Mercantile Co-operative Bank Limited, Lucknow, for another three months. The directive now runs until close of business on April 27, 2025, subject to review.

Impact

The bank must continue operating under the existing RBI-imposed conditions until close of business on April 27, 2025, unless modified earlier on review. Depositors, customers, and counterparties remain subject to the constraints of the ongoing directive, while no new terms were introduced in this release.

Why RBI acted

Other

Regulatory basis

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

Restrictions

Business Restriction

2024

1

Case brief

RBI extended its existing directions on Indian Mercantile Co-operative Bank Limited, Lucknow for another three months. The prior restrictions continue unchanged through January 27, 2025.

Impact

The bank remains under the same RBI operating restrictions during the extension period, with the directive continuing to bind its activities until close of business on January 27, 2025, unless reviewed earlier. Depositors, customers, and counterparties remain subject to whatever constraints were already in place under the unchanged directive terms.

Why RBI acted

Other

Regulatory basis

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