Date: 2025-10-24Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 – Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow – Extension of period
The Reserve Bank of India (RBI) issued a press release on October 24, 2025, regarding the extension of directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, to Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow. The original directive, DOS.CO.OCCD.185569/12.28.007/2021-22, was issued on January 28, 2022, for six months up to July 27, 2022, and last extended to October 27, 2025 vide DOR.MON.No.D-22/12.28.007/2025-26 dated July 17, 2025. RBI has extended the directive for a further period of three months, from the close of business on October 27, 2025, to the close of business on January 27, 2026, subject to review. The other terms and conditions of the directives remain unchanged. The press release number is 2025-2026/1371. Contact the Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, phone: 022 - 2266 0502, website: www.rbi.org.in/hindi, email: helpdoc@rbi.org.in for more information. Brij Raj, Chief General Manager, signed the release.
Key Entities Referenced
Banking Regulation Act, 1949: The act under which directions are issued regarding the Indian Mercantile Co-operative Bank Limited (IMCBL).
Section 35A read with Section 56 of the Banking Regulation Act, 1949: The section of the Banking Regulation Act that grants power to issue directions.
Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow: The co-operative bank subject to the directions and extension of period.
Reserve Bank of India: The regulator issuing directions regarding the Indian Mercantile Co-operative Bank Limited (IMCBL).
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व बैंक
RESERVE BANK OF INDIA
वेबसाइट
:
www.rbi.org.in/hindi
संचार वर्भाग, केंद्रीय कायाालय, शहीद भगत ससिंह मागा, फोटा, म िंबई - 400 001
Website : www.rbi.org.in Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort,
ई-मेल/email : helpdoc@rbi.org.in Mumbai - 400 001 फोन/Phone: 022 - 2266 0502
October 24, 2025
Directions under Section 35A read with Section 56 of the Banking
Regulation Act, 1949 – Indian Mercantile Co-operative Bank Limited
(IMCBL), Lucknow – Extension of period
The Reserve Bank of India issued Directions under Section 35A read with Section
56 of the Banking Regulation Act, 1949, to Indian Mercantile Co-operative Bank
Limited (IMCBL), Lucknow vide Directive DOS.CO.OCCD.185569/12.28.007/2021-
22 dated January 28, 2022 for a period of six months upto July 27, 2022, as modified
from time to time, which were last extended upto October 27, 2025 vide Directive
DOR.MON.No.D-22/12.28.007/2025-26 dated July 17, 2025. The Reserve Bank of
India is satisfied that in public interest, it is necessary to further extend the period of
operation of the Directive beyond October 27, 2025.
2. Accordingly, the Reserve Bank of India, in the exercise of powers vested in it under
sub-section (1) of Section 35A read with Section 56 of the Banking Regulation Act,
1949, hereby extends the Directive for a further period of three months from close of
business on October 27, 2025 to close of business on January 27, 2026, subject to
review.
3. Other terms and conditions of the Directives under reference shall remain
unchanged.
(Brij Raj)
Press Release: 2025-2026/1371 Chief General Manager