RBI extends supersession on Abhyudaya Coop Bank board for another year

The Reserve Bank of India extended its control over Abhyudaya Cooperative Bank for another year, maintaining Satya Prakash Pathak as administrator. This decision, citing public interest, comes after the bank's board was superseded due to serious governance concerns. Despite the extended oversight, Abhyudaya Cooperative Bank will continue regular operations under Pathak's guidance and a committee of advisors.