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

RBI extended the existing directions on Lucknow Urban Co-operative Bank Ltd. for another three months, until October 28, 2023. The bank remains under the same Section 35A restrictions, subject to review.

The bank continues to operate under RBI-imposed restrictions for the extended period, with the directions remaining in force until October 28, 2023 unless modified earlier by RBI. Depositors and other stakeholders remain subject to the operational constraints already imposed by the directions.

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

RBI extended the existing directions on Lucknow Urban Co-operative Bank Ltd. for another three months. The order continues the prior operational restriction subject to review.

The bank remains subject to the RBI’s existing operational directions through July 28, 2023, unless modified earlier on review. The restriction continues to affect the bank’s operations and may limit normal business conduct, while the underlying banking licence remains intact.

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

RBI has extended the existing Section 35A directions on Lucknow Urban Co-operative Bank Ltd. for three more months, from January 29, 2023 to April 28, 2023. The order remains subject to review.

The bank continues to operate under the existing RBI-imposed restrictions through April 28, 2023 unless modified earlier by RBI. Customers, counterparties, and the bank itself remain subject to the operational constraints in the underlying directive, which continues unchanged during the extension period.

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