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RBI takes over the board of Abhyudaya Cooperative Bank over governance concerns

RBI takes over the board of Abhyudaya Cooperative Bank over governance concerns

Nov 25, 2023, at 05:01 am

Mumbai: The Reserve Bank of India (RBI) on Friday took over the board of Abhyudaya Cooperative Bank in Mumbai, citing major concerns regarding inadequate corporate governance standards, the central bank said in a statement.