The U.P. Civil Secretariat Primary Cooperative Bank Limited, Lucknow

RBI placed The U.P. Civil Secretariat Primary Cooperative Bank Limited, Lucknow under Section 35A restrictions for six months. The bank cannot expand lending, accept fresh deposits, or allow depositor withdrawals except within the limited carve-outs stated in the directions.

The bank must operate under tight RBI-imposed restrictions for six months, with limited activity allowed only where specifically permitted in the directions. Depositors are affected by the withdrawal freeze, though eligible depositors may claim deposit insurance up to ₹5,00,000 subject to DICGC rules and verification. Borrowing, lending, fresh deposits, payments, and asset disposals are constrained unless RBI approval or a stated carve-out applies.

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

RBI withdrew the Section 35A directions previously applicable to U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow. The bank may continue regular banking business.

The prior restrictions no longer apply to the bank. U.P. Civil Secretariat Primary Co-operative Bank Ltd. can continue regular banking business without the earlier Section 35A directions, and depositors/customers are no longer subject to those withdrawn operational constraints.

• Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)
• sub-section (2) of section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies)

RBI has extended its Section 35A directions on U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for another three months. The order continues to apply from September 26, 2020 through December 25, 2020, subject to review.

The bank remains subject to the RBI’s ongoing Section 35A operating restrictions during the extension period. Any customers, depositors, and counterparties continue to be affected by the conditions imposed under the directive until December 25, 2020, unless the RBI modifies or withdraws it earlier.

• Sub-section (1) of Section 35 A of the Banking Regulation Act, 1949 (AACS)

RBI has extended its Section 35A directions on U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for another six months. The bank remains subject to the same operating restrictions, subject to review.

The bank must continue operating under the existing RBI directions through September 25, 2020, unless modified earlier by RBI. This likely affects normal banking operations and may constrain business activities, with consequences for the bank and its customers/depositors, but the release does not state any new penalty or fresh restriction beyond the continued directive.

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

RBI has extended the existing directions on U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for six more months. The order continues the bank’s prior Section 35A restrictions.

The bank remains subject to RBI’s existing operating restrictions through March 25, 2020, unless the directions are modified earlier. This continues to constrain the bank’s operations and affects its customers, counterparties, and other stakeholders who deal with it under the ongoing regulatory conditions.

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

RBI extended the existing directions on U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow for six more months. The bank remains under Section 35A directions subject to review.

The bank continues to operate under RBI-imposed directions until September 25, 2019, unless further modified or withdrawn on review. Customers and counterparties remain subject to the constraints arising from the existing Section 35A order.

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

RBI placed U. P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow under Section 35A directions from September 25, 2018. The bank’s lending, deposit-taking, liability, and asset-disposal activities were restricted, with withdrawals capped at ₹1,000 per depositor account.

The bank continues to operate but under tight RBI-imposed restrictions. Customers’ withdrawals are capped at ₹1,000 per account unless adjusted against liabilities, and the bank cannot expand lending, raise fresh deposits, or freely incur liabilities or dispose of assets without RBI approval. The order took effect from the close of business on September 25, 2018 and was to run for six months subject to review.

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

RBI imposed a ₹5 lakh penalty on U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow. The penalty was for repeated non-submission of statutory returns and delayed compliance to RBI inspection observations.

The bank must absorb the monetary penalty and address the compliance failures identified by RBI, especially timely statutory reporting and prompt remediation of inspection observations. There is no stated operating restriction, but the action signals supervisory concern over compliance and governance processes.

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