National Mercantile Co-operative Bank Ltd

RBI has withdrawn the Section 35A directions earlier issued to National Mercantile Co-operative Bank Ltd., Lucknow. The withdrawal is effective from close of business on November 21, 2025.

The bank is no longer subject to the withdrawn Section 35A directions from the stated effective date, restoring normal operating status to the extent covered by the order. Depositors and counterparties are no longer bound by the specific restrictions previously imposed under that directive.

• Section 35A read with Section 56 of the Banking Regulation Act, 1949
• sub-section (2) of Section 35A read with Section 56 of the Banking Regulation Act, 1949

RBI has extended the existing Directions on National Mercantile Co-operative Bank Ltd., Lucknow for another three months. The terms remain unchanged, and the directive now runs until December 10, 2025.

The bank remains subject to the existing operational conditions imposed under the Directions through December 10, 2025, unless further revised. The extension continues the restrictions affecting the bank’s operations and any stakeholders subject to those conditions.

• 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

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

The bank remains subject to the existing RBI directions through close of business on September 10, 2025, unless modified earlier on review. Its operations continue under the same restrictions already in force, affecting the bank and its customers for the duration of the extended period.

• 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

RBI has extended its existing directions on National Mercantile Co-operative Bank Ltd., Lucknow for three more months. The directive now runs until close of business on June 10, 2025.

The bank remains subject to the same RBI directions for an additional three months, with the restrictions continuing without change until close of business on June 10, 2025, subject to review. The operational impact continues to apply to the bank and its customers/counterparties as governed by the existing directive.

• 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

RBI extended its existing Section 35A read with Section 56 directions against National Mercantile Co-operative Bank Ltd., Lucknow. The order runs from close of business on December 10, 2024 to close of business on March 10, 2025.

The bank remains subject to the same RBI directive and must continue complying with all existing terms and conditions through March 10, 2025, unless modified or withdrawn earlier. The restriction continues to affect the bank’s operations and any stakeholders impacted by the underlying directions.

• 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

RBI placed National Mercantile Co-operative Bank Ltd., Lucknow under operating restrictions under Section 35A/56. The bank faces limits on lending, investments, liabilities, fresh deposits, payments, and asset disposal, along with a ₹30,000 withdrawal cap per depositor.

The bank must operate under RBI-imposed constraints from March 10, 2023 for six months unless modified earlier. Customers face restrictions on withdrawals, and the bank cannot expand lending, accept fresh liabilities or deposits, or freely dispose of assets without RBI approval.

• Section 35 A of the Banking Regulation Act, 1949
• Section 56 of the Banking Regulation Act, 1949
• Section 18A of the DICGC Act (amendment) 2021