RBI Adds Four Co-operative Banks to Second Schedule Under RBI Act, 1934:

The Reserve Bank of India has granted scheduled bank status to four co-operative banks by including them in the Second Schedule of the RBI Act, 1934.

RBI Gives Scheduled Status to 4 Co-op Banks

Vanshika verma

May 25, 2026

Last update on May 25, 2026

RBI Adds Four Co-operative Banks to Second Schedule Under RBI Act, 1934 The Reserve Bank of India (RBI) has issued a notification on May 8, 2026, for the inclusion of certain co-operative banks in the Second Schedule to the Reserve Bank of India Act, 1934. The Reserve Bank of India has, under clause (a) of sub-section (6) of Section 42 of the Reserve Bank of India Act, 1934, decided to include the following banks in the Second Schedule of the Act. This means these banks are now legally recognised as scheduled banks: The banks included are the following:

Contai Co-operative Bank Ltd, Contai
Prime Co-operative Bank Ltd., Surat
Shri Veershaiv Co-operative Bank Ltd., Kolhapur
The Varachha Co-operative Bank Ltd, Surat

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Vanshika verma

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Vanshika Verma is a Content Writer with 1+ year of experience at Studycafe.in. A B.Com graduate from Delhi University, She writes articles on Finance, Tax, ICAI, GST, and the latest financial news, with a focus on making complex topics easy for readers and professionals.