Date: 2025-09-09Category: Not ApplicableState: Union GovernmentCountry: India
Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949 - National Mercantile Co-operative Bank Ltd., Lucknow – Extension of Period
**Summary:**
The Reserve Bank of India (RBI) has extended the Directions issued under Section 35A read with Section 56 of the Banking Regulation Act, 1949, to National Mercantile Cooperative Bank Ltd., Lucknow, for a further period of three months. This extension is effective from the close of business on September 10, 2025, to the close of business on December 10, 2025, and is subject to review. The original Directions were issued on March 09, 2023, under Directive No. LKO.DOS.SED.No.S875100375920222023 and have been modified and extended subsequently, most recently on May 30, 2025, under Directive DOR.MOND12122801520252026. The RBI has determined that this extension is necessary in the public interest. All other terms and conditions of the original Directive remain unchanged. For further information, contact the Department of Communication, Central Office, Reserve Bank of India, Shahid Bhagat Singh Marg, Fort, Mumbai – 400 001, email: helpdoc@rbi.org.in, Phone: 022-2266 0502. Website: www.rbi.org.in.
Key Entities Referenced
Reserve Bank of India: The central bank of India, responsible for monetary policy and banking regulation.
Banking Regulation Act, 1949: An act of the Parliament of India to regulate the banking companies in India.
Section 35A: A section of the Banking Regulation Act, 1949 that grants powers to the Reserve Bank of India to issue directions to banking companies.
Section 56: A section of the Banking Regulation Act, 1949 that extends the application of the Act to cooperative banks.
National Mercantile Cooperative Bank Ltd., Lucknow: A cooperative bank located in Lucknow, Uttar Pradesh, subject to directions from the Reserve Bank of India.
Lucknow, Uttar Pradesh: City where National Mercantile Cooperative Bank Ltd is located. State is also identified.
September 10, 2025: The date until which the previous extension of directions on National Mercantile Cooperative Bank Ltd. was valid and from which a further extension is granted.
December 10, 2025: The date until which the directions on National Mercantile Cooperative Bank Ltd. are extended.
प्रेस प्रकाशनी PRESS RELEASE
भारतीय ररज़र्व ब ैंक
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
September 09, 2025
Directions under Section 35A read with Section 56 of the Banking Regulation
Act, 1949 - National Mercantile Co-operative Bank Ltd.,
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 National Mercantile Co-operative Bank Ltd.,
Lucknow vide Directive No. LKO.DOS.SED.No.S875/10-03-759/2022-2023 dated
March 09, 2023, for a period of six months up to close of business on September 10,
2023, as modified from time to time, which were last extended up to close of business
on September 10, 2025 vide Directive DOR.MON/D-12/12-28-015/2025-2026 dated
May 30, 2025. The Reserve Bank of India is satisfied that in the public interest, it is
necessary to further extend the period of operation of the Directive beyond close of
business on September 10, 2025
2. Accordingly, the Reserve Bank of India, in exercise of the 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 September 10, 2025, to close of business on December 10, 2025, subject
to review.
3. All other terms and conditions of the Directive under reference shall remain
unchanged.
(Puneet Pancholy)
Press Release: 2025-2026/1067 Chief General Manager