Inclusion of “The Vishweshwar Sahakari Bank Ltd., Pune” in the Second Schedule of the Reserve Bank of India Act, 1934

## Report on Inclusion of The Vishweshwar Sahakari Bank Ltd., Pune in the Second Schedule of the Reserve Bank of India Act, 1934 **1. Executive Summary:** This report analyzes a notification from the Reserve Bank of India (RBI) regarding the inclusion of The Vishweshwar Sahakari Bank Ltd., Pune, in the Second Schedule of the Reserve Bank of India Act, 1934. This inclusion, detailed in Notification DoR.REG.LIC.No.S7508.27.300202526 dated April 07, 2025, signifies that the bank now meets the criteria set by the RBI for inclusion and is subject to specific regulatory provisions under the Act. Key findings indicate the target audience are all banks. **2. Introduction:** The purpose of this report is to provide an informative overview of the RBI's decision to include The Vishweshwar Sahakari Bank Ltd., Pune, in the Second Schedule of the Reserve Bank of India Act, 1934, based solely on the information provided in the RBI notification DoR.RET.REC.2112.07.160202526. **3. Policy Overview:** This notification constitutes a new policy action specific to The Vishweshwar Sahakari Bank Ltd., Pune. * **Core Objective(s):** The core objective, as inferred from the text, is to formally include The Vishweshwar Sahakari Bank Ltd., Pune, under the regulatory purview of the Reserve Bank of India Act, 1934, by adding it to the Second Schedule. **4. Background and Rationale:** * **New Policy:** The inclusion of a bank in the Second Schedule of the RBI Act, 1934, likely addresses the need to ensure financial stability and regulatory oversight of eligible cooperative banks. Inclusion signifies that the RBI deems the bank to meet certain financial and operational criteria, allowing it to enjoy certain privileges and be subject to specific regulatory requirements. The notification addresses the issue of formally recognizing The Vishweshwar Sahakari Bank Ltd., Pune, as an institution now subject to these provisions. **5. Key Provisions / Changes:** * **New Policy:** The primary provision is the formal inclusion of The Vishweshwar Sahakari Bank Ltd., Pune, in the Second Schedule of the Reserve Bank of India Act, 1934. This is mandated by Notification DoR.REG.LIC.No.S7508.27.300202526 dated April 07, 2025, and published in the Gazette of India Part III Section 4 dated May 09, 2025. This inclusion subjects the bank to the provisions of the RBI Act, 1934, applicable to scheduled banks. **6. Target Audience and Stakeholders:** Based on the provided text, the directly affected audience and stakeholders are: * All Banks (as the notification is addressed to them) * The Vishweshwar Sahakari Bank Ltd., Pune * Reserve Bank of India (specifically the Department of Regulation) **7. Implementation Aspects (Inferred):** * **Responsible agency/bodies mentioned:** The Department of Regulation, Central Office, RBI, is responsible for issuing and implementing this notification. * **Timelines or procedures specified:** The inclusion took effect on April 07, 2025 (date of the notification), with the public announcement made in the Gazette of India on May 09, 2025. No specific procedures are detailed in the provided text, but the notification implies that The Vishweshwar Sahakari Bank Ltd., Pune, has already met the necessary criteria for inclusion. **8. Expected Outcomes / Impact of Changes:** * **New Policy:** The likely intended outcome is to integrate The Vishweshwar Sahakari Bank Ltd., Pune, more closely into the regulatory framework of the RBI. This will likely lead to increased monitoring and oversight of the bank's operations. The bank may now have access to certain facilities provided by the RBI to scheduled banks, which could improve its financial standing and stability. Furthermore, inclusion in the Second Schedule likely enhances the bank's credibility and public trust. **9. Conclusion:** The notification regarding the inclusion of The Vishweshwar Sahakari Bank Ltd., Pune, in the Second Schedule of the Reserve Bank of India Act, 1934, represents a significant regulatory step. This inclusion subjects the bank to the specific provisions of the Act, increasing the RBI's oversight and potentially enhancing the bank's financial stability and credibility. This action reinforces the RBI's role in regulating and supervising the banking sector to maintain financial stability.

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