Home India Reserve Bank of India In exercise of the powers conferred under clause b of sub se...
Date: 2026-01-29 Category: Extra Ordinary State: Union Government Country: India

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

Issued by Reserve Bank of India · Not Applicable

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Executive Summary & Key Takeaways

The Gazette of India, dated January 29, 2026/Magha 9, 1947, publishes a notification from the Reserve Bank of India (RBI), Mumbai, dated January 6, 2026, numbered F. No. CO.DOR.RAUG.No.S7907/08.27.498/2025-26. Exercising powers under clause (b) of sub-section (6) of section 42 of the Reserve Bank of India Act, 1934, the RBI directs the exclusion of New India Co-operative Bank Ltd., Mumbai, from the second schedule of the RBI Act. This notification is issued by R. Lakshmi Kanth Rao, Executive Director and the advertisement reference is [ADVT.-III/4/Exty./645/2025-26].

Key Entities Referenced

Reserve Bank of India Act, 1934: The primary act under which the notification is issued, specifically Section 42(6)(b). Reserve Bank of India: The central bank issuing the notification. New India Co-operative Bank Ltd.: The cooperative bank being removed from the Second Schedule of the RBI Act. Mumbai: Location of New India Co-operative Bank Ltd.
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रजिस्ट्री स.ं डी.एल.- 33004/99 REGD. No. D. L.-33004/99 सी.जी.-एम.एxxचx.G-IअDH.-x3x1x0 12026-269719 CG-MHxx-xEG-I3D1E0x1x2x 026-269719 असाधारण EXTRAORDINARY भाग III—खण् ड 4 PART III—Section 4 प्राजधकार स ेप्रकाजित PUBLISHED BY AUTHORITY स.ं 70] नई ददल्ली, बृहस्ट्प जतर्ार, िनर्री 29, 2026/माघ 9, 1947 No. 70] NEW DELHI, THURSDAY, JANUARY 29, 2026/MAGHA 9, 1947 भारतीय ररज़र् व बकैं अजधसचू ना मब ं ई, 6 िनर्री, 2026 फा. स.ं सीओ.डीओआर.आरएयिू ी.स.ं एस7907/08.27.498/2025-26.— भारतीय ररज़र्व बैंक अजधजनयम, 1934 (इसके बाद “द आरबीआई अजधजनयम” स े संबोजधत) की धारा 42 की उप-धारा (6) के खण्ड (ख) के तहत प्रदत्त िजियों का प्रयोग करत ेहुए भारतीय ररज़र्व बैंक, एतद्द्वारा, न्यू इंजडया को-ऑपरेरिर् बैंक जलजमिेड, म ंबई को द आरबीआई अजधजनयम की दसू री अन सूची से हिाए िाने का जनदिे दते ा ह।ै आर लक्ष्मी कांत रार्, कायवपालक जनदेिक [जर्ज्ञापन-III/4/असा./645/2025-26] 611 GI/2026 (1)2 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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