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statement

# **The Reserve Bank of India superseded the Board of Directors of Abhyudaya Co-operative Bank Ltd., Mumbai for one year on November 24, 2023, due to material concerns arising from poor governance standards observed within the bank.**

A statement by Reserve Bank of India. Statements are as reported by the cited publishers — not verified by DecisionGateway.

> *had superseded the Board of Directors of Abhyudaya Co-operative Bank Ltd., Mumbai (the bank) for one year on November 24, 2023*

bank\_nbfc\_fintechPublished 2026-11-09 [ Read source](https://t.me/bank_nbfc_fintech/275248)

## **Related claims**

[**The Reserve Bank of India has extended the period of supersession for a further period of one year, effective from November 24, 2026, in exercise of its powers under sub-Section (1) of Section 36AAA read with Section 56 of the Banking Regulation Act, 1949.**Reserve Bank of India · statement](https://dgw.tmarket.io/claims/01a1cc7e-c8b0-7723-a6ff-f9ebfe3de5aa) [**Upon a review, the Reserve Bank of India is satisfied that, in the public interest, it is necessary to further extend the period of supersession beyond the close of business of the bank as on November 23, 2026.**Reserve Bank of India · statement](https://dgw.tmarket.io/claims/01a1cc7e-c88d-7728-b05d-5cc18d95fb35) [**Yes Bank, RBI and the Government moved to the Supreme Court.**viveksingh\_economy · statement](https://dgw.tmarket.io/claims/01a1c6d5-5868-7621-9d09-081fa3b0becc) [**On 22 October, the Tobruk-based House of Representatives accepted central bank governor Naji Issa's resignation in principle and named board member Fawzi Abukhzam as interim governor.**africaintel · statement](https://dgw.tmarket.io/claims/01a1cc52-dc40-78c2-93e9-bd69c483bcab) [**The Central Government's approval of the design, form and material of bank notes follows consideration of recommendations made by the Central Board of RBI.**RBI Act 1934, Section 25 · statement](https://dgw.tmarket.io/claims/01a1c6d3-8ff5-703c-8acd-e42309997b4f) [**The cancellation was made in exercise of powers conferred under Section 45-IA (6) of the Reserve Bank of India Act, 1934.**Reserve Bank · statement](https://dgw.tmarket.io/claims/01a1cc72-56a8-79af-83f6-962ceb3615fe)

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