The Reserve Bank of India (RBI) has extended the Directions issued to National Mercantile Co-operative Bank Ltd., Lucknow, under Section 35A read with Section 56 of the Banking Regulation Act, 1949. Initially imposed via Directive No. LKO.DOS.SED.No.S875/10-03-759/2022-2023 dated March 9, 2023, for a six-month period, the restrictions were subsequently extended multiple times, most recently up to the close of business on June 10, 2025, through Directive DOR.MON/D-107/12-28-015/2024-2025 dated March 4, 2025.
The RBI, being satisfied that it is necessary in the public interest, has decided to further extend the validity of the directive for an additional three months. The directive will now remain in force from the close of business on June 10, 2025, to the close of business on September 10, 2025, subject to further review.