RBI extends Abhyudaya Co-operative Bank supersession by one year
In short
The RBI has extended the supersession of Abhyudaya Co-operative Bank’s board for one more year from November 24, 2026. Shri Satya Prakash Pathak will continue as administrator, with a committee of advisors helping him.
What the reporting says
The RBI extended the supersession of Abhyudaya Co-operative Bank’s board by one year from November 24, 2026, after reviewing the arrangement. The central bank said the extension is in the public interest and kept Shri Satya Prakash Pathak as administrator with a committee of advisors. The move follows earlier supersessions tied to poor governance standards at the Mumbai-based lender.
Why it matters
The Reserve Bank of India extended the supersession of Abhyudaya Co-operative Bank’s board for another year, effective November 24, 2026, and said Shri Satya Prakash Pathak will continue as administrator with the existing committee of advisors. The central bank said the step is necessary in the public interest after earlier action linked to poor governance standards at the Mumbai-based co-operative bank.