RBI Extends Supersession of Abhyudaya Cooperative Bank’s Board by Another Year
Moneylife Digital Team 10 November 2025
Reserve Bank of India (RBI) has extended the supersession of the board of directors of Mumbai-based Abhyudaya Cooperative Bank Ltd for an additional year, citing the need to safeguard public interest amid ongoing governance concerns.
 
RBI had first invoked its powers under Section 36AAA, read with Section 56 of the Banking Regulation Act, 1949, to supersede the Bank’s board on 24 November 2023, following the discovery of serious lapses and weak governance practices within the cooperative bank. The supersession was initially set for one year and was subsequently extended in November 2024 for an additional year, as issues persisted.
 
Following a fresh review, the central bank has concluded that extending the supersession is necessary beyond the close of business on 23 November 2025, to ensure stability and protect the interests of depositors and stakeholders.
 
With this latest action, RBI has now extended the period of supersession for yet another year, effective 24 November 2025.
 
As part of the extended arrangement, Satya Prakash Pathak will continue as the administrator of Abhyudaya Cooperative Bank. He will be supported by the existing committee of advisers, comprising Venkatesh Hegde, Devendra Kumar and Suhas Gokhale. The committee will continue to assist in overseeing the Bank’s operations and implementing corrective measures as directed by RBI.
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