News Details

( As on 24/10/2025 17:36)

RBI Extends Directions on Indian Mercantile Co-operative Bank by Three Months

The Reserve Bank of India (RBI) has extended the operational directions issued to Indian Mercantile Co-operative Bank Limited (IMCBL), Lucknow, for an additional three months — from the close of business on October 27, 2025, to January 27, 2026.

The central bank said the extension has been granted in the public interest under Section 35A read with Section 56 of the Banking Regulation Act, 1949.

All other terms and conditions of the previous directives will remain unchanged, the RBI added.