RBI Extends Abhyudaya Bank Board Takeover Period
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On November 9, 2026, the Reserve Bank of India (RBI) announced that it had decided to extend the takeover of the Abhyudaya Co-operative Bank board for another year, with the new term taking effect from November 24, 2026. The announcement said that Satya Prakash Pathak would continue as the bank’s administrator, and that the existing advisory committee would continue to assist him in carrying out his duties. The report confirmed the duration of the extension, its effective date, and the management arrangements; it did not provide the start date or specific details of the previous takeover period.
AI-written from reports · updated 2 hours ago
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- Reserve Bank of India — Press releasesReserve Bank of India extends its takeover of Abhyudaya Co-operative Bank’s board by another year
Reserve Bank of India has extended its takeover of Abhyudaya Co-operative Bank’s board by another year, effective November 24, 2026. Satya Prakash Pathak will continue as the bank’s administrator, assisted by the current Advisory Committee.
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