Date: 2025-11-21Category: 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 – Withdrawal of Directions
On November 21, 2025, The Reserve Bank of India withdrew the directions issued 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.S875/10-03-759/2022-23 dated March 09, 2023, with effect from the close of business on November 21, 2025. The directions were initially issued for a period of six months and were last extended up to close of business on December 10, 2025. Contact: Department of Communication, Central Office, Shahid Bhagat Singh Marg, Fort, Mumbai - 400 001, Phone: 022 - 2266 0502. Press Release: 2025-2026/1550. (Brij Raj) Chief General Manager. Website: www.rbi.org.in, Email: helpdoc@rbi.org.in.
Key Entities Referenced
Banking Regulation Act, 1949: Act under which directions were issued and subsequently withdrawn.
Section 35A: Section of the Banking Regulation Act under which directions were issued.
Section 56: Section of the Banking Regulation Act that is read with Section 35A.
National Mercantile Co-operative Bank Ltd., Lucknow: The bank to which the directions applied and were subsequently withdrawn.
Reserve Bank of India: The regulator which issued and withdrew the directions to the bank.
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
November 21, 2025
Directions under Section 35A read with Section 56 of the Banking
Regulation Act, 1949 – National Mercantile Co-operative
Bank Ltd., Lucknow – Withdrawal of Directions
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.S875/10-03-759/2022-23 dated
March 09, 2023, for a period of six months. The same were modified from time to
time and were last extended up to close of business on December 10, 2025.
2. After reviewing the financial position of the bank, the Reserve Bank of India, on
being satisfied that in the public interest it is necessary to do so and in exercise of the
powers vested in it under sub-section (2) of Section 35A read with Section 56 of the
Banking Regulation Act, 1949, hereby withdraws the Directions issued to National
Mercantile Co-operative Bank Ltd., Lucknow with effect from the close of business on
November 21, 2025.
(Brij Raj)
Press Release: 2025-2026/1550 Chief General Manager