Reserve Bank of India Not Applicable Not Applicable

In exercise of the powers conferred under clause b of sub section 6 of section 42 of the Reserve Bank of India Act,

Published: 31 January 2026 Download PDF

Gazette ID: CG-MH-E-31012026-269719

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Core Purpose

The Reserve Bank of India directs the exclusion of New India Co-operative Bank Ltd., Mumbai from the second schedule of the Reserve Bank of India Act, 1934.

Detailed Summary

The Reserve Bank of India (RBI) issued a notification dated 6th January, 2026, bearing F. No. CO.DOR.RAUG.No.S7097/08.27.498/2025-26, exercising powers conferred under clause (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934. Through this directive, the RBI has ordered the exclusion of New India Co-operative Bank Ltd., located in Mumbai, from the Second Schedule of the aforementioned RBI Act. The notification was signed by R. Lakshmi Kanth Rao, Executive Director.

Full Text

REGD. No. D. L.-33004/99 The Gazette of India CG-MH-E-31012026-269719 EXTRAORDINARY PART III-Section 4 PUBLISHED BY AUTHORITY No. 70] NEW DELHI, THURSDAY, JANUARY 29, 2026/MAGHA 9, 1947 THE GAZETTE OF INDIA : EXTRAORDINARY [PART III-SEC.4] RESERVE BANK OF INDIA NOTIFICATION Mumbai, the 6th January, 2026 F. No. CO.DOR.RAUG.No.S7097/08.27.498/2025-26.— In exercise of the powers conferred under clause (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934 (hereinafter referred to as “the RBI Act”), the Reserve Bank of India, hereby, directs the exclusion of New India Co-operative Bank Ltd., Mumbai from the second schedule of the RBI Act. R. LAKSHMI KANTH RAO, Executive Director [ADVT.-III/4/Exty./645/2025-26] Uploaded by Dte. of Printing at Government of India Press, Ring Road, Mayapuri, New Delhi-110064 and Published by the Controller of Publications, Delhi-110054.

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