Four Cooperative Banks Added to RBI Schedule

May 29, 2026

Inclusion in the Second Schedule to the Reserve Bank of India Act, 1934 – Cooperative Banks

Relevant Extracted Data –

• The RBI has included four cooperative banks in the Second Schedule of the RBI Act, 1934, thereby bringing them under the Act’s regulatory framework.
• Banks added:

1. Contai Co‑operative Bank Ltd., Contai

2. Prime Co‑operative Bank Ltd., Surat

3. Shri Veershaiv Co‑operative Bank Ltd., Kolhapur

4. The Varachha Co‑operative Bank Ltd., Surat

• Notification details: CO.DOR.RAUG.No.S809/08-09-015/2026‑2027 dated May 08, 2026.
• Publication: Gazette of India (Part III – Section 4) dated May 20, 2026.
• Press Release reference: 2026‑2027/357, issued by the Chief General Manager (Brij Raj).