Case Brief
The Reserve Bank of India extended the period of supersession of the Board of Directors of Abhyudaya Cooperative Bank Ltd., Mumbai for a further one year, effective November 24, 2025. The bank’s board had originally been superseded on November 24, 2023 due to material concerns arising from poor governance standards. The order, issued under section 36AAA read with section 56 of the Banking Regulation Act, 1949, keeps Shri Satya Prakash Pathak as Administrator, assisted by the existing Committee of Advisors.
Action Snapshot
- Primary Impact
- Extension
- Entity Type
- Co-operative bank
- Location
- Mumbai, Maharashtra
- Order Date