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Core Purpose

The Reserve Bank of India directs the exclusion of Indian Mercantile Co-operative Bank Ltd., Lucknow from the second schedule of the Reserve Bank of India Act, 1934.

Detailed Summary

The Reserve Bank of India, through a notification dated 04th June, 2026, issued from Mumbai under F. No. CO.DOR.RAUG.No.S1887/08.08.007/2026-27, has exercised its powers under clause (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934. This action formally directs the exclusion of the Indian Mercantile Co-operative Bank Ltd., located in Lucknow, from the second schedule of the aforementioned RBI Act. The notification was signed by R. Lakshmi Kanth Rao, Executive Director.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-26062026-273859 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 412] NEW DELHI, MONDAY, JUNE 22, 2026/ASHADHA 1, 1948 4572 GI/2026 (1) 2 THE GAZETTE OF INDIA : EXTRAORDINARY RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 04th June, 2026 [PART III—SEC.4] 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. SARVESH KUMAR Digitally signed by SARVESH SRIVASTAVA

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