The Reserve Bank of India has extended its directive on the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, by three months up to December 11, 2026. The extension does not imply RBI's satisfaction with the bank's financial position.
The Reserve Bank of India (RBI) has issued a further extension for its directives on the U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, due to ongoing concerns regarding its financial position. The new extension period is from close of business on September 11, 2026, and will last until close of business on December 11, 2026. This move comes as a continuation of the previous six-month directive issued by RBI on March 11, 2026. It is important to note that this extension does not imply RBI's satisfaction with the bank's financial position.
In the press release issued by the Reserve Bank of India, Brij Raj, Chief General Manager, stated that the extension is a necessary measure taken in the public interest.
All other terms and conditions of the Directive remain unchanged.
Source:
Reserve Bank of India
