The Reserve Bank of India (RBI) had issued directions under Section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies) to U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, Uttar Pradesh vide directive dated September 19, 2018. Directions imposed were extended and modified from time to time, last such extension being up to December 25, 2020 vide Directive DOR.CO.AID.No.D-22/12.28.029/2020-21 dated September 18, 2020.

Reserve Bank, on being satisfied that in the public interest it is necessary to do so, in exercise of the powers vested in it under sub-section (2) of section 35A of the Banking Regulation Act, 1949 (As Applicable to Co-operative Societies), hereby withdraws the said Directions so issued (and modified from time to time) to U.P. Civil Secretariat Primary Co-operative Bank Ltd., Lucknow, Uttar Pradesh.

A copy of the directive is displayed in the bank’s premises for perusal by interested members of public. The bank will continue to undertake regular banking business hereafter.

(Yogesh Dayal)     
Chief General Manager

Press Release: 2020-2021/756