On 8th October 2025, the Reserve Bank of India (RBI) issued a notification under clause (b) of sub-section (6) of Section 42 of the RBI Act, 1934, directing the exclusion of 19 regional rural banks from the Second Schedule of the Act. The banks affected include Andhra Pragathi Grameena Bank, Andhra Pradesh Grameena Vikas Bank, Chaitanya Godavari Grameena Bank, Saptagiri Grameena Bank, Baroda Gujarat Gramin Bank, Saurashtra Gramin Bank, Karnataka Vikas Grameena Bank, Karnataka Gramin Bank, Madhya Pradesh Gramin Bank, Madhyanchal Gramin Bank, Maharashtra Gramin Bank, Vidharbha Konkan Gramin Bank, Odisha Gramya Bank, Utkal Grameen Bank, Rajasthan Marudhara Gramin Bank, Baroda Rajasthan Kshetriya Gramin Bank, Baroda U.P. Bank, Aryavart Bank, and Prathama U.P. Gramin Bank. Exclusion from the Second Schedule implies these banks will no longer enjoy certain privileges and recognition under the RBI Act, affecting their regulatory framework. The notification was issued by Lakshmi Kanth Rao, Executive Director of the RBI.
RESERVE BANK OF INDIA
NOTIFICATION
New Delhi, the 8th October, 2025
F. No. DoR.LIC.No.S5377/16.13.300/2025-26.—In pursuance of clause (b) of sub-section (6) of Section 42 of the Reserve Bank of India Act, 1934 (2 of 1934), the Reserve Bank of India hereby directs the exclusion from the Second Schedule to the said Act of the following bank, namely:
1. Andhra Pragathi Grameena Bank
2. Andhra Pradesh Grameena Vikas Bank
3. Chaitanya Godavari Grameena Bank
4. Saptagiri Grameena Bank
5. Baroda Gujarat Gramin Bank
6. Saurashtra Gramin Bank
7. Karnataka Vikas Grameena Bank
8. Karnataka Gramin Bank
9. Madhya Pradesh Gramin Bank
10. Madhyanchal Gramin Bank
11. Maharashtra Gramin Bank
12. Vidharbha Konkan Gramin Bank
13. Odisha Gramya Bank
14. Utkal Grameen Bank
15. Rajasthan Marudhara Gramin Bank
16. Baroda Rajasthan Kshetriya Gramin Bank
17. Baroda U.P. Bank
18. Aryavart Bank
19. Prathama U.P. Gramin Bank
LAKSHMI KANTH RAO, Executive Director
[ADVT.-III/4/Exty./463/2025-26]
