Supersession of Board of Directors of Abhyudaya Cooperative Bank Ltd., Mumbai – Extension of period

News Financial services General Updates

Date: 18th Nov, 2024 Source: Reserve Bank of India Country: India Original Source

Brief

"On November 18, 2024, the Reserve Bank of India issued an update regarding Supersession of Board of Directors of Abhyudaya Cooperative Bank Ltd., Mumbai – Extension of period". The RBI superseded the bank's board for a further 12 months due to poor governance standards, and Shri Satya Prakash Pathak will continue as the Administrator assisted by a Committee of Advisors.

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Supersession of Board of Directors of Abhyudaya Cooperative Bank Ltd., Mumbai – Extension of period

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Supersession of Board of Directors of Abhyudaya Cooperative Bank Ltd., Mumbai – Extension of period

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Reserve Bank of India

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