**Summary of Gazette Notification: Exclusion of Indian Mercantile Co-operative Bank Ltd., Lucknow**
**Document Overview**
The Reserve Bank of India (RBI) issued a formal notification, published in *The Gazette of India: Extraordinary* (Part III—Section 4), regarding the status of Indian Mercantile Co-operative Bank Ltd., Lucknow.
**Key Data and Metrics**
* **Notification Date:** June 4, 2026
* **Publication Date:** June 22, 2026 (New Delhi)
* **Gazette Number:** No. 412
* **File Reference:** F. No. CO.DOR.RAUG.No.S1887/08.08.007/2026-27
* **Registry Number:** D. L.-33004/99
* **Statutory Authority:** Clause (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934
**Core Directive**
In exercise of its statutory powers, the Reserve Bank of India has directed the exclusion of **Indian Mercantile Co-operative Bank Ltd., Lucknow**, from the Second Schedule of the RBI Act, 1934.
**Administrative Information**
* **Issuing Official:** R. Lakshmi Kanth Rao, Executive Director, Reserve Bank of India.
* **Advertisement Reference:** [ADVT.-III/4/Exty./181/2026-27]
* **Printing and Publication:** The notification was uploaded by the Directorate of Printing at the Government of India Press, Ring Road, Mayapuri, New Delhi-110064, and published by the Controller of Publications, Delhi-110054.
Key Entities Referenced
Indian Mercantile Co-operative Bank Ltd., Lucknow: The specific co-operative bank directed to be excluded from the Second Schedule of the Reserve Bank of India Act, 1934.
Reserve Bank of India Act, 1934: The primary legislation governing the central bank's operations and the regulatory framework for banks in India.
Second Schedule of the RBI Act: The official list of banks that are granted 'scheduled' status, which confers certain rights and obligations under the Act.
Section 42(6)(b) of the Reserve Bank of India Act, 1934: The specific legal provision that empowers the Reserve Bank of India to direct the exclusion of a bank from the Second Schedule.
रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99
सी.जी.-एम.एच.-अ.-26062026-273859
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असाधारण
EXTRAORDINARY
भाग III—खण् ड 4
PART III—Section 4
प्राजधकार स ेप्रकाजित
PUBLISHED BY AUTHORITY
स.ं 412] नई ददल्ली, सोमर्ार, िनू 22, 2026/आषाढ 1, 1948
No. 412] NEW DELHI, MONDAY, JUNE 22, 2026/ASHADHA 1, 1948
भारतीय ररज़र् वबकैं
अजधसचू ना
म ंबई, 4 िून, 2026
फा. स.ं सीओ.डीओआर.आरएयिू ी.स.ं एस1887/08.08.007/2026-27.— भारतीय ररज़र्व बैंक अजधजनयम,
1934 (इसके बाद “द आरबीआई अजधजनयम” स े संबोजधत) की धारा 42 की उप-धारा (6) के खण्ड (ख) के तहत प्रदत्त
िजियों का प्रयोग करते हुए भारतीय ररज़र्व बैंक, एतद्द्वारा, इंजडयन मकेंटाइल कॉ-ओपरेरटर् बैंक जल., लखनऊ को द
आरबीआई अजधजनयम की दसू री अन सूची से हटाए िान े का जनदेि देता ह।ै
आर लक्ष्मी कांत रार्, कायवपालक जनदेिक
[जर्ज्ञापन-III/4/असा./181/2026-27]
4572 GI/2026 (1)2 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III—SEC.4]
RESERVE BANK OF INDIA
NOTIFICATION
Mumbai, the 04th June, 2026
F. No. CO.DOR.RAUG.No.S1887/08.08.007/2026-27.— In exercise of the powers conferred under clause
(b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934 (hereinafter referred to as “the RBI Act”),
the Reserve Bank of India, hereby, directs the exclusion of Indian Mercantile Co-operative Bank Ltd., Lucknow from
the second schedule of the RBI Act.
R. LAKSHMI KANTH RAO, Executive Director
[ADVT.-III/4/Exty./181/2026-27]
Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064
and Published by the Controller of Publications, Delhi-110054.