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

RBI has extended the existing Section 35A directions on Indian Mercantile Co-operative Bank Ltd., Lucknow. The directions will continue unchanged until close of business on October 27, 2024.

The bank remains subject to the same operational restrictions already in force under the Section 35A Directions through October 27, 2024, unless RBI reviews or further extends them. This continues to affect the bank’s operations and its members/customers under the existing terms of the directive.

• 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 Section 35A directions on Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P.) until July 27, 2024. The earlier restrictions continue unchanged, subject to review.

The bank remains subject to the same RBI-imposed operating restrictions through July 27, 2024, and must continue complying with the existing Directions. Depositors, members, and other stakeholders continue to face the consequences of the ongoing restriction regime until the order is reviewed or further modified.

• 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 (As Applicable to Co-operative Societies)

RBI has extended the existing Directions imposed on Indian Mercantile Co-operative Bank Ltd., Lucknow. The restrictions continue unchanged until close of business on April 27, 2024.

The bank remains subject to the existing RBI Directions, with the same operating conditions continuing through April 27, 2024 unless modified or withdrawn earlier. Members and the public can view the directive at the bank’s premises; the release does not indicate a licence cancellation, but the bank continues to operate under RBI-imposed restrictions.

• 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 (As Applicable to Co-operative Societies)

RBI has extended the existing Directions on Indian Mercantile Co-operative Bank Ltd., Lucknow. The operational terms stay unchanged until January 27, 2024, subject to review.

The bank must continue operating under the same RBI-imposed restrictions until close of business on January 27, 2024, unless the Directions are modified earlier. Depositors, members, and other stakeholders remain subject to the restrictions embedded in the existing order, while RBI retains the ability to review or change the Directions based on evolving circumstances.

• 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 Section 35A Directions on Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P.) until October 27, 2023. The existing restrictions continue unchanged.

The bank must continue operating under the same RBI-imposed restrictions until October 27, 2023, unless the Directions are modified earlier. Customers, especially depositors and counterparties, remain subject to the existing operational constraints imposed on the bank.

• Section 35 A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949

RBI extended the Section 35A directions on Indian Mercantile Co-operative Bank Ltd., Lucknow for another three months, up to July 27, 2023. The bank remains under the existing operating restriction, subject to review.

The bank continues to operate under RBI-imposed directions through July 27, 2023 unless modified earlier by the Reserve Bank. The restriction remains in place for the bank and its stakeholders, with the specific operating conditions governed by the underlying directive order.

• Section 35 A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949

RBI extended the existing Section 35A directions on Indian Mercantile Co-operative Bank Ltd., Lucknow for another three months. The order continues the bank's operating restrictions, subject to review.

The bank remains subject to the same RBI-imposed operational restrictions until April 27, 2023, unless the directions are modified earlier. Depositors, customers, and counterparties remain affected by the continued restrictions, and the order is subject to RBI review.

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

RBI extended the Section 35A directions on Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) for another three months, from October 28, 2022 to January 27, 2023. The bank remains under the existing restrictions, subject to review.

The bank continues to operate under RBI-imposed restrictions through January 27, 2023 unless modified earlier by the RBI. Depositors, customers, and counterparties remain subject to the effects of the ongoing Section 35A directions, while the bank must comply with the continuing order and any subsequent review outcomes.

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

RBI extended the existing Section 35A directions on Indian Mercantile Co-operative Bank Ltd., Lucknow (U.P) for three months. The order continues the prior operating restrictions, subject to review.

The bank remains under RBI-imposed operating directions through October 27, 2022 unless modified earlier by the regulator. Customers and counterparties continue to be affected by whatever operational limits the underlying directions impose, but the release itself does not add a new restriction beyond extending the existing one.

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