The Reserve Bank of India (RBI), on November 28, 2025, issued the Reserve Bank of India (Urban Co-operative Banks - Governance) Directions.
The following has been amended namely:-
• A UCB shall ensure to place all circulars and other material relating to policies issued by the RBI before its Board for information and appropriate action. Further, the management shall furnish full facts and complete papers to the directors well in advance of Board meetings as also all additional information/clarification that the directors may seek before taking a decision.
• In addition to their specified duties, responsibilities, rights or obligations outlined or laid down in the relevant statutes, as applicable, the directors of a UCB shall be guided inter alia by the following guidelines:
• The directors should attend Board meetings regularly and effectively. They should study the Board papers thoroughly and seek the assistance of the MD/CEO for eliciting any information at the Board meetings. They should, however, not directly call for papers/files/notes recorded by various departments for scrutiny, etc. in respect of agenda items to be discussed in the meetings.
[Notification no. RBI/DOR/2025-26/273 DOR.GOV.REC.No.192/18-10-014/2025-26]
