RBI extends Abhyudaya Co-op Bank board supersession by one year
In short
The Reserve Bank of India has extended its supersession of Abhyudaya Co-operative Bank's board by one year from 24 November 2026. Shri Satya Prakash Pathak will continue as administrator, with the same committee of advisors helping him.
What the reporting says
The Reserve Bank of India has extended the supersession of the Board of Directors of Abhyudaya Co-operative Bank Ltd., Mumbai, by one year from 24 November 2026. The RBI said the action follows a review and is necessary in the public interest after earlier concerns over poor governance standards at the bank. Shri Satya Prakash Pathak will continue as administrator, assisted by the existing committee of advisors.
Why it matters
The RBI extended the supersession of Abhyudaya Co-operative Bank Ltd., Mumbai, for one more year from 24 November 2026 under Section 36AAA read with Section 56 of the Banking Regulation Act, 1949. The central bank said the extension is in the public interest and follows earlier material concerns over poor governance. Shri Satya Prakash Pathak remains administrator, supported by the current committee of advisors.