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ARTICLE · 21 MAY 2025

AKP Banking & Finance Digest May 19, 2025

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We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at [email protected]. We shall now be hosting...

IndiaFinance and Banking
Anuroop Omkar
Anuroop Omkar

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at [email protected]. We shall now be hosting our weekly updates at Spotify!

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1. Regulatory Updates

1.1. India

Reserve Bank of India (RBI)

1.1.1. RBI lifts restrictions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank

RBI has lifted restrictions on Padmashri Dr. Vithalrao Vikhe Patil Co-operative Bank Ltd., Nashik, effective May 16, 2025. The Directions, first issued in May 2018 under the Banking Regulation Act, were extended multiple times. RBI withdrew them after reviewing the bank's financials and determining it was in the public interest.

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