We at Finakon track the regulatory changes. We also use AI to create a summary. We are providing a quick overview of the RBI circulars on a weekly basis on our website. The summary is neither exhaustive nor comprehensive. For accurate information, users shall refer to the original circular of the regulator. Finakon shall not be responsible for inferences drawn based on the summary provided.
Strengthening the Cooperative Banking Network: RBI Adds Two Banks to Second Schedule
The central bank has included two cooperative banks in the Second Schedule of the Reserve Bank of India Act, 1934
Newly Scheduled Banks
1. Deogiri Nagari Sahakari Bank Ltd., Chhatrapati Sambhajinagar
(RBI Circular No. RBI/2025-26/70 dated July 25, 2025)
https://website.rbi.org.in/web/rbi/-/notifications/inclusion-of-deogiri-nagari-sahakari-bank-ltd.-chhatrapati-sambhajinagar-in-the-second-schedule-of-the-reserve-bank-of-india-act-1934
2. Ahmednagar Merchant’s Co-op. Bank Ltd., Ahmednagar
(RBI Circular No. RBI/2025-26/69 dated July 25, 2025)
https://website.rbi.org.in/web/rbi/-/notifications/inclusion-of-ahmednagar-merchant-s-co-op.-bank-ltd.-ahmednagar-in-the-second-schedule-of-the-reserve-bank-of-india-act-1934
Both inclusions were notified by RBI via official Gazette publications dated July 8, 2025.
Formation of a new district in the State of Arunachal Pradesh – Assignment of Lead Bank Responsibility
In a move to enhance administrative efficiency and financial inclusion, the Government of Arunachal Pradesh has announced the formation of two new districts—Keyi Panyor and Bichom. This was officially notified through Gazette Notification No. Law/Legn-5/2024 dated February 23, 2024.
Following this, the Reserve Bank of India (RBI) issued Circular No. RBI/2025-26/68 on July 18, 2025, assigning the State Bank of India (SBI) as the Lead Bank for both the newly formed districts.
Here is a summary of the new district-wise lead bank assignments:
Sr. No. Newly Created District Lead Bank Assigned District Working Code
1 Keyi Panyor State Bank of India 02S
2 Bichom State Bank of India 02T
Note: The working codes are to be read as ‘numeral zero, numeral two, and alphabet S/T’ respectively.
Importantly, there is no change in lead bank responsibilities for the remaining districts of Arunachal Pradesh.
