RBI extends Abhyudaya Bank supersession by another year

The RBI first superseded the bank’s Board of Directors for one year on November 24, 2023, citing “material concerns arising from poor governance standards observed within the bank.

First reported by The Hindu 33 min ago1 source

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The Hindu15:4433 min ago
RBI extends Abhyudaya Bank supersession by another year (opens The Hindu in a new tab)
The RBI first superseded the bank’s Board of Directors for one year on November 24, 2023, citing “material concerns arising from poor governance standards observed within the bank.

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