What changed
- Ahmednagar Merchant's Co-op Bank Ltd. has been included in the Second Schedule of the RBI Act 1934
- Notification CO.DOR.RAUG.No.S2017/08.02.001/2025-26 dated June 12, 2025
- Published in the Gazette of India (Part III - Section 4) dated July 8, 2025
What it means for you
- This inclusion is likely to impact the bank's regulatory requirements and supervisory framework
- Banks and lenders may need to update their records and processes to reflect the change
What you must do
- Update records and processes to reflect the inclusion of Ahmednagar Merchant's Co-op Bank Ltd.
- Verify the bank's regulatory status and supervisory requirements
Who it affects
Ahmednagar Merchant's Co-op Bank Ltd., Banks and lenders in India
What is the effective date of the inclusion?
July 8, 2025
What is the source of the notification?
Notification CO.DOR.RAUG.No.S2017/08.02.001/2025-26 dated June 12, 2025