Home › Circulars › RBI/2025-26/41

Vishweshwar Sahakari Bank Added to RBI Second Schedule

Current · Source: Reserve Bank of India · RBI/2025-26/41 · issued 27 May 2025 · ~1 min read

Quick answerRBI has added The Vishweshwar Sahakari Bank Ltd., Pune to the Second Schedule of the RBI Act, 1934, effective April 7, 2025. This grants it scheduled bank status, enhancing its regulatory standing and access to central bank facilities.

The rule, in the simplest words

The RBI (Reserve Bank of India, the country's central bank) added Vishweshwar Sahakari Bank (a cooperative bank in Pune) to a special list called the Second Schedule.
This happened on April 7, 2025, and was announced in a government newspaper on May 9, 2025.
Being on this list means the bank is now a 'scheduled bank' (a bank that can borrow money from the RBI at a special low rate).
Other banks must update their records and treat Vishweshwar Sahakari Bank as a scheduled bank for all money exchanges between banks.
This new status also means the bank must follow stricter rules and report more to the RBI.

How it plays out — a real example

A branch operations officer in Pune, Priya, checks her bank's system after hearing the news. She updates the list of scheduled banks to include Vishweshwar Sahakari Bank, so when another bank asks for a loan or transfer, she knows it's a trusted scheduled bank and can process the deal smoothly.

What changed

The Vishweshwar Sahakari Bank Ltd., Pune has been officially included in the Second Schedule of the RBI Act, 1934, via notification dated April 7, 2025, published in the Gazette of India on May 9, 2025. This circular informs all banks of this inclusion.

What it means for you

For the banking community, this means Vishweshwar Sahakari Bank now qualifies as a scheduled bank, entitling it to borrow from RBI at the bank rate and access other central bank facilities. It also implies stricter regulatory compliance and reporting standards. Other banks should update their records and treat this entity as a scheduled bank for interbank transactions.

What you must do

Update your internal systems to reflect Vishweshwar Sahakari Bank as a scheduled bank.
Recognize its eligibility for RBI facilities and adjust interbank dealings accordingly.
Ensure compliance with any regulatory requirements that apply to transactions with scheduled banks.

Who it affects

All banks in India, The Vishweshwar Sahakari Bank Ltd., Pune, Regulatory compliance teams, Interbank operations departments

❓ Common questions

Regulatory timeline

Stated effective date effective April 7, 2025
Decoded by BankPulse 2026-06-18 01:54 IST

Built from our lineage records — each fact carries its provenance; missing history simply is not shown (never guessed).

What does inclusion in the Second Schedule mean for Vishweshwar Sahakari Bank?

It becomes a scheduled bank, gaining access to RBI's lending window at the bank rate and other privileges, while also facing enhanced regulatory oversight.

When did this inclusion take effect?

The notification was issued on April 7, 2025, and published in the Gazette on May 9, 2025. The circular was released on May 27, 2025.

Do other banks need to take any action?

Yes, update internal records to treat Vishweshwar Sahakari Bank as a scheduled bank for all interbank transactions and regulatory reporting.

📜 Read the original circular — full text as issued by RBI

RBI/2025-26/41
 DoR.RET.REC.21/12.07.160/2025-26
 May 27, 2025
 All Banks,
 Madam / Sir,
 Inclusion of “The Vishweshwar Sahakari Bank Ltd., Pune” in the Second Schedule of the Reserve Bank of India Act, 1934
 It is advised that “The Vishweshwar Sahakari Bank Ltd., Pune” has been included in the Second Schedule of the Reserve Bank of India Act, 1934 vide Notification DoR.REG./LIC.No.S75/08.27.300/2025-26 dated April 07, 2025 and published in the Gazette of India (Part III - Section 4) dated May 09, 2025.
 Yours faithfully,
 (Manoranjan Padhy)
 Chief General Manager

Reproduced for reference with acknowledgment — Source: Reserve Bank of India · RBI/2025-26/41 · issued 27 May 2025. The plain-English explanation above is BankPulse’s own independent summary.

🧰 Tools — save, print, templates & related

Most relevant forCompliance Team Treasury Team / ALM Corporate / Wholesale Banking RM Trade Finance / Forex Operations IT & Cyber Security Internal Audit

🛠 Banker’s toolkit — checklists & reply templates →

Related circulars · Department of Regulation

SFB Pillar 3 Disclosure Norms Aligned with Basel UCB Deposit Rate Disclosure & Uniformity Rules Updated LAB Deposit Rate Disclosure & Uniformity Rules Tightened Payments Banks: Interest Rates Must Match Disclosed Schedule RBI Updates Bulk Deposit Rate Rules and Disclosure Timing

Browse all departments →

Who does what — compliance checklist

💻 IT / Systems

Update your internal systems to reflect Vishweshwar Sahakari Bank as a scheduled bank.

📜 Compliance

Recognize its eligibility for RBI facilities and adjust interbank dealings accordingly.
Ensure compliance with any regulatory requirements that apply to transactions with scheduled banks.

Grouped from the action items above — a single circular may involve more than one team.

Worked example & action-note template

Example: if you are an IT/Systems lead at a bank this circular applies to (All banks in India, The Vishweshwar Sahakari Bank Ltd., Pune, Regulatory compliance teams, Interbank operations departments), your first concrete step on “Vishweshwar Sahakari Bank Added to RBI Second Schedule” is: “Update your internal systems to reflect Vishweshwar Sahakari Bank as a scheduled bank.” (RBI issued this 27 May 2025).

Circular: RBI/2025-26/41 -- Vishweshwar Sahakari Bank Added to RBI Second Schedule
Issued: 27 May 2025
Action required: Update your internal systems to reflect Vishweshwar Sahakari Bank as a scheduled bank.
Action required: Recognize its eligibility for RBI facilities and adjust interbank dealings accordingly.
Action required: Ensure compliance with any regulatory requirements that apply to transactions with scheduled banks.
Owner: ____________ Target date: ____________
Board/committee approval needed? Y / N
Evidence filed in compliance register on: ____________

Built only from this circular’s own published fields — not legal advice; always confirm against the official RBI source.

💬 Banker Discussion

Discuss this circular with fellow bankers — reply, upvote what helps, report what doesn’t belong. Be professional; no client data. Views are the commenter’s own, not BankPulse’s.

Loading comments…

BankPulse Compliance Evidence Pack — generated 03 Aug 2026 · status cross-checked against RBI’s official withdrawal register (refreshed weekly).
Official RBI source: https://www.rbi.org.in/Scripts/NotificationUser.aspx?Id=12853&Mode=0 — Plain-English summary by BankPulse (bankpulse.ai), reviewed by our expert reviewer, CA Amit Jain. Independent platform, not affiliated with the Reserve Bank of India; is our own plain-English paraphrase, not RBI’s original wording.