The Economic Times

RBI extends supersession of Abhyudaya Co-operative Bank Board for one more year

The Reserve Bank of India has extended the supersession of the Board of Directors of Abhyudaya Co-operative Bank. This extension will be effective until November 24, 2025, continuing a period of oversight. The RBI aims to address governance standards that raised material concerns regarding the bank's operations. Satya Prakash Pathak remains the Administrator, overseeing the bank's management during this time.