RBI Extends Abhyudaya Co-Operative Bank Board Supersession Until November 23, 2027

Written by: Team Angel OneUpdated on: 10 Nov 2026, 7:08 pm IST

The RBI has extended the supersession of Abhyudaya Co-Operative Bank's board for another year, keeping the lender under an administrator.

The Reserve Bank of India (RBI) has extended the supersession of Abhyudaya Co-operative Bank's board of directors by another year, starting November 24, 2026.

The Mumbai-based bank will remain under an administrator until November 23, 2027, as per news reports. The RBI noted that it had reviewed the matter and decided that continuing the supersession was necessary in the public interest.

The board was first superseded in November 2023 following concerns over the bank's governance.

RBI Extends Board Supersession

The central bank superseded the bank's board on November 24, 2023, for a period of one year. It extended the arrangement in November 2024 and November 2025. The latest order is the third extension since the initial decision.

Satya Prakash Pathak will continue as the bank's administrator for another year. He will be assisted by the existing Committee of Advisors, which includes Venkatesh Hegde, Devendra Kumar and Suhas Gokhale.

When the board was superseded in 2023, the RBI had said that no restrictions had been placed on the bank's business. It was allowed to continue its normal banking activities under the administrator.

Deposits and Loans in FY26

The bank reported deposits of ₹9,366.62 crore as of March 31, 2026, against ₹9,327.36 crore in the previous year.

Its advances fell to ₹4,323.24 crore from ₹4,865.31 crore during the same period. Net profit, however, increased to ₹10.11 crore in FY26 from ₹5.22 crore in FY25.

NPAs Decline During the Year

The bank's gross non-performing assets (GNPA) stood at ₹842.42 crore as of March 31, 2026, compared with ₹949.01 crore a year earlier. Net NPAs declined to ₹182.16 crore from ₹253.25 crore.

The provision coverage ratio rose to 78.2% from 73.1% over the same period.

About Abhyudaya Co-Operative Bank

The bank began operations in 1964 and received scheduled bank status in September 1988. It was registered as a multi-state co-operative bank on January 11, 2007. Its operations are limited to Maharashtra, Gujarat and Karnataka.

The RBI's order will keep the existing administrative arrangement in place until November 2027.

Conclusion

The extension keeps the bank's current administrative arrangement in place until November 2027, following three consecutive annual extensions by the RBI.

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Published on: Nov 10, 2026, 1:38 PM IST

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